Home World Pakistan Grants India Most Favored Nation Trade Status

Pakistan Grants India Most Favored Nation Trade Status

by -
1

India and Pakistan flagsPakistan’s cabinet unanimously decided on Wednesday to grant India Most Favored Nation trade status, a major breakthrough that could bolster efforts to improve relations between the two countries.

There are hopes that progress in trade ties will help bolster a fragile peace process, which the two resumed in February. ‘It’s a very powerful step, and a welcome step in the right direction,’ Indian Trade Secretary Rahul Khullar told Reuters in New Delhi.

(READ the story from Reuters)

COMMENTS