Loud Thinking August 21, 2013 at 10:10AM

A letter published on the topic “MFN Status to India” by the daily DAWN and my subsequent comments…!

My Comments:

The writer of this letter has nothing written wrong here.

However, just for his information, India has made this MFN and trade issue a one way traffic; wherein, only Indian goods can come to Pakistan and our exports to India is severely hampered by the Non Tariff Barriers, erected by India.

Plus, why should MFN status to India, not be a part of the composite dialogue?

Actually, Indian strategy is to deal all their weak points out of the composite dialogue.

Letter:

APROPOS Anwer Jalal’s letter (Aug 18). The contents of the letter reflect a very naive approach to a complex and pertinent issue. The writer presents a doomsday scenario without any knowledge of the dynamics of the trade regime.

— He is under the false impression that businessmen and industrialists are going to just look at the Indian market and end the tremendous gains they have made in making their presence felt in the US, Europe, etc. The Indian market is in addition to other global markets. No prudent businessman will put all his eggs in one basket.

— It is a pragmatic business policy to trade within the region as there are substantial savings in freight, delivery time and in costs. Moreover, the dwindling Pakistn rupee makes Pakistani products attractive for the Indian consumer. This advantage should be encashed as much as possible.

— Pakistan’s exports barely touch the $25 billion mark. Pakistan needs more employment opportunities, enhanced foreign exchange reserves, and sustainable and strong industrial base. Therefore, developing a strong foothold in the regional markets makes better business sense.

— It is true that trade and investment between the two neighbours would always be hostage to border tensions, the Kashmir imbroglio and other contentious issues like water, Siachen, Sir Creek and accusations of terrorism. But these should not derail the process of liberalisation of trade and investment.

The fact is that any trade and investment initiative is the source of survival, is critical for the country, and is an answer to economic prosperity.

MAJYD AZIZ
Karachi

Tags: My Views