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ISLAMABAD: Federal Minister for Commerce Makhdoom Amin Fahim said on Thursday that Pakistan was committed to implement MFN status with regard to India from January 1, 2013, by abolishing negative list and there would be no delay on it.
There would be no delay on our commitment for implementing MFN status with India from Jan 1, 2013 Federal Minister forCommerce said while addressing a news conference.The minister said that abolishing the negative list comprising 1,209 items would be done on December 31, 2012 and MFN status would be implemented from Jan 1.
Answering a query regarding whether there was any linkage between duty concession granted by EU on 75 items and granting MFN status to India, he said that there would be no links between two developments.
On the issue of Safta, he said that the government would remove concerns of stakeholders. India would have to reduce sensitive list by 30 percent next year while Pakistan would move ahead in this regard in coming years.
Secretary commerce, present on the occasion, said that the proposal for establishing Reconstruction Opportunity Zones (ROZs) by US was over. However, talks on TIFA framework would be conducted soon between Pak and US.
When asked about possibility of getting Generalised System of Preference (GSP) plus from EU, he hoped that Pakistan would qualify for it by January 2014. The government, he said, was working to address the concern for EU for qualifying GSP plus including protecting human rights.
Talking about the auto sector, he said that because of rupee-dollar parity the prices of vehicles could not be brought down. When asked that why the ministry of industries tabled summary related to used cars before the ECC, he said that tariff policies should be uniform across the board.
The minister said that the trade policy would be tabled before the federal cabinet in its next meeting in which export target would be envisaged at $95 billion for next three years. On objections raised by the finance ministry on the proposed draft of trade policy, he said that the democratically elected government allowed possessing divergent views but decisions were taken at highest level after evolving consensus among all stakeholders.He also confirmed that the package of incentives for boosting exports was revised downward from Rs60 billion to substantially low but he did not share any revised figures.
India to get MFN status as New Year gift from Pakistan - thenews.com.pk
There would be no delay on our commitment for implementing MFN status with India from Jan 1, 2013 Federal Minister forCommerce said while addressing a news conference.The minister said that abolishing the negative list comprising 1,209 items would be done on December 31, 2012 and MFN status would be implemented from Jan 1.
Answering a query regarding whether there was any linkage between duty concession granted by EU on 75 items and granting MFN status to India, he said that there would be no links between two developments.
On the issue of Safta, he said that the government would remove concerns of stakeholders. India would have to reduce sensitive list by 30 percent next year while Pakistan would move ahead in this regard in coming years.
Secretary commerce, present on the occasion, said that the proposal for establishing Reconstruction Opportunity Zones (ROZs) by US was over. However, talks on TIFA framework would be conducted soon between Pak and US.
When asked about possibility of getting Generalised System of Preference (GSP) plus from EU, he hoped that Pakistan would qualify for it by January 2014. The government, he said, was working to address the concern for EU for qualifying GSP plus including protecting human rights.
Talking about the auto sector, he said that because of rupee-dollar parity the prices of vehicles could not be brought down. When asked that why the ministry of industries tabled summary related to used cars before the ECC, he said that tariff policies should be uniform across the board.
The minister said that the trade policy would be tabled before the federal cabinet in its next meeting in which export target would be envisaged at $95 billion for next three years. On objections raised by the finance ministry on the proposed draft of trade policy, he said that the democratically elected government allowed possessing divergent views but decisions were taken at highest level after evolving consensus among all stakeholders.He also confirmed that the package of incentives for boosting exports was revised downward from Rs60 billion to substantially low but he did not share any revised figures.
India to get MFN status as New Year gift from Pakistan - thenews.com.pk
