PAK PANEL AGAINST MOST FAVOURED NATION
TAG FOR INDIA SAYS THAT THE MOVE WILL HARM COUNTRY'S FARM SECTOR)
A top
Pakistani Parliamentary panel has expressed reservations about the government's
move to grant the Most Favoured Nation (MFN) status to India, claiming that the
measure would 'destroy' the domestic agriculture sector.
Members of
the Public Accounts Committee, which is headed by the ruling PPP lawmaker
Nadeem Afzal Chan, voiced their reservations during a meeting and sought a detailed briefing on the matter from the commerce ministry.
The
PPP-led government has repeatedly said it is committed to phasing out a
negative list regime for trade with India by December 31 and granting
MFN—status by the beginning of next year.
The two
countries have taken several steps in recent months, including the signing of
three agreements, to boost bilateral trade to US D six billion by 2014.
However,
members of the Public Accounts Committee expressed concern over the move to do
away with the negative list regime during a meeting on November 16 and some
even claimed it would destroy the domestic agriculture industry.
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