Pakistan India trade
After the Indo-Pakistan Agreement on the ceasefire on the LoC (Line of Control), bilateral trade is once again flourishing. It is reported that with the possibility of relaxation in bilateral trade relations, Pakistan is preparing to allow cotton import from India through land route.
- Last Updated:February 28, 2021 at 4:50 PM IS
Government decision can be taken soon
The report said that the issue of cotton shortage has already been brought to the notice of Prime Minister Imran Khan. Khan also has charge of the Commerce Ministry. Sources said that once the in-principle decision is taken, a formal order will be placed before the Economic Coordination Committee of the Cabinet. Sources said that there has been an internal discussion about this, but the final decision will be taken after the approval of the Prime Minister. The newspaper has been told that Pakistan is considering allowing cotton imports from India. Trade relations between the two countries can help reduce the cost of production in Pakistan and ensure a continuous food supply.
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India and Pakistan issued a joint statement on Thursday. The statement was issued after hotline discussions to strictly abide by all agreements on ceasefire in LOC and other areas. The two countries signed a ceasefire agreement in 2003 but it has not been followed in the last several years.