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Pakistan not ready to give MFN status to India

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New Delhi: Pakistan Commerce Minister Khurram Dastgir Khan said that Pakistan is in no mood to grant Most Favoured Nation (MFN) status to India. He further clarified that no such proposal is under consideration.

While, India had granted the MFN status to Pakistan way back in 1996, but they have not reciprocated.

He said that existence of the negative list means that MFN status has not been granted to India. 150 Indian items are being imported through border currently.

The minister added that Pakistan has to debate whether the security of the country and the trade can be kept separate.

Khan also said that Pakistan has raised their concerns with the World Trade Organisation about the security when it came to trade with India. Non-tariff barriers are though dealt on case to case basis.

He blamed the Modi government for no progress as he said that since NDA Government has come into power, there hasn’t been any bilateral talks with India regarding trade.

India and Pakistan both share a strenuous political relation but with a border of almost 3000 KMs between them, both countries are forced to depend on each other. Locals of both countries close to the border, have a very similar culture and trade always been there since ancient times.

India and Pakistan both seem to follow the same tactics of blaming each other for security reasons and still there is no solution for the terrorism in the sub-continent.

With India pushing for foreign investment to increase, MFN status from Pakistan will not be a bad thing at all.

However, Pakistan does not seem to give MFN status to India anywhere in near future and it is a diplomatic blow for India.

India’s trade with all of its neighbours has increased in recent times but because of political relations, trade with Pakistan faces too many hurdles. Governments sitting in capitals make decisions and impacts the lives of people living at the border and it increased the illegal nature of trade which turns into smuggling.

It is why India and Pakistan need to sort their issues so that people of both nations can enjoy a better and peaceful cross-border and economic relations.

 

(With inputs from agencies)

(Image credit http://i1.tribune.com.pk/wp-content/uploads/2011/01/pak-afghan-trade-epa.jpg)

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HP Considering India as a Key Focus Area

India is key focus area, 3D printers next big thing

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HP India
HP unveils 65-inch gaming display with soundbar at CES 2019. Flickr

India is a very attractive market with high brand recognition for a computer hardware producer like HP, said HP Inc’s President for Asia Pacific and Japan, Tian Chong Ng.

The Asia Pacific region — in which India is a key focus area — has been the fastest growing for HP and provided 16 per cent revenue growth last year.

In Q1 of FY2019 it registered 8 per cent growth year-on-year, said Ng in the course of the HP Reinvent 2019 conference, the company’s largest global partner event.

One reason for that is — India – and also the Asia Pacific region — tick marks on demographics trends which provide clear wins for HP: rapid urbanisation and more millennials are joining the work force.

While HP is very positive on India and recognises its potential, there are no plans yet for setting up a manufacturing base in India. Ng said it already has a manufacturing base in China apart from others in Vietnam, Thailand and Japan.

HP
HP. (IANS)

“There is an existing ecosystem in China and we don’t have plans for setting up a manufacturing base in India, he said.

One focus area is the 3D printer, which offers HP great opportunity. Construction and automotive sectors are the focus areas here. Meanwhile, an MoU has been signed with the Andhra Pradesh government.

“To be successful in India demands that we understand it,” he said.

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HP is also pushing gaming in a big way. However, this has not led to any thinking for manufacturing mobile phones in India, despite the high number of gamers in the country spurred by affordable android phones and cheap data.

“Our strength is the PC business and we offer a whole family of products in that space,” Ng said. (IANS)