Mumbai: Pakistan will announce a second tariff
reduction for imports under SAFTA for all SAARC member
states Sri Lanka, Bangladesh, Bhutan, Nepal and Maldives,
but not India The reduction of five per cent will be
available on imports of 4,872 products.
this Pakistan will have extended Pakistan has extend
the full benefits of SAFTA to all member states except
India. For India the tariff will be reduced on only
1,077 items permitted under the positive list of the
list of items that can be imported.
Pakistan has ratified SAFTA, its bilateral trade with
India continues to be governed under the positive list
mechanism, which had existed before the signing of the
has, however, objected to this stating that the members
cannot implement SAFTA selectively.
Pakistan has extended the negative lists to all other
SAARC countries, it continues to trade with India with
a positive list. The list of 1,077 items was recently
hiked from 773 items and says that it cannot open trade
with India until political issues like Kashmir are resolved.
SAFTA all member states have to trade with a small negative
list leaving the rest of the items for open trading.