Wednesday India He agreed to support a plan proposed by the European Union to promote tariff relief for textiles in the flood affected areas of Pakistan. Earlier, India had opposed the EU initiative. However, at present, two neighboring countries plan to double bilateral trade to 6 billion US dollars in the next three years.
New Delhi: on Wednesday, India agreed to support a plan proposed by the European Union to promote tariff relief for textile exports in Pakistan's flood hit areas. India earlier opposed the EU's move. However, at present, two neighboring countries plan to double bilateral trade to 6 billion US dollars in the next three years.

However, India officials said Islamabad has agreed to fulfill all the reciprocal commitments of the South Asian Free Trade Area "Safta" in full sincerity. This is seen as Pakistan's commitment to India. favored nation (MFN) status.

　　 Ministry of Commerce After meeting with Pakistan's commerce minister Maher Doom Mohamed Amin Fahim, Anand Charles refused to commit any timetable, although there are signs that bilateral commerce ministers will take some action after meeting in November.

In a joint statement, the two sides agreed to relax the business visa rules in November, allowing traders to get multiple entry permits for up to a year.

Sharma said that India is also striving to reduce restrictions on investment in Pakistan, and Islamabad may give a return. In the next two months, second customs ports will be opened on the Wagah-Attari border, and the trade hours will be extended to 12 hours in summer.