India plays down the talk surrounding MFN status by Pakistan

Friday, November 11th, 2011 8:54:04 by

The Indian government has played down Pakistan’s step towards terming India as “most favoured nation” in terms of trade by saying that such a move will take some time to materialize into something formal on the political level.
Pakistan had announced earlier on that it has sent India a proposal of awarding it the status of most favoured nation in an attempt to normalise the relations between the two countries through economic cooperation.

 This move by Pakistan was not greeted with enthusiasm and excitement in India as it was expected by the Islamic Republic as the Indian government has taken a much more sceptical stance on the proposal up till now. The MFN move
by Pakistan can be seen as a historic one considering the security apparatus of both the countries is aimed at each other courtesy of their historical rivalry and the history of three wars over the last 60 years of existence.

Indian Foreign secretary Ranjan Mathai stated in his recent interview, “According to the information available through the Pakistan government, the cabinet has approved the process of normalisation of trade relations of which most
favoured nation is a part. The actual implementation would be a culmination of the normalisation process which could take some time.”

Indian Commerce Minister Anand Sharma and Pakistan’s cabinet member, Makhdoom Amin Fahim are due to meet in February of 2012 to discuss this proposal in question in much more elaborate terms but both the governments seen intent
on normalising trade relations for the time being. A representative of the commerce ministry in Pakistan stated, “We are extremely hopeful that there will be a major breakthrough in the next round of commerce secretaries’ meetings on November 14-15 in Delhi”.

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