India-Pakistan trade at $339.43 mn in April-May

index.jpgNew Delhi: The trade between India and Pakistan reached at USD 339.43 million during the first two months of 2016-17 fiscal year, Parliament was informed today.

Exports during April-May stood at USD 278.75 million and imports were aggregated at USD 60.68 million.

Commerce and Industry Minister Nirmala Sitharaman said that in the meeting between Prime Ministers of India and Pakistan on May 27, 2014, India stated that the two countries could move immediately towards full trade normalisation on the basis of the September 2012 roadmap.

“No bilateral trade meeting between India and Pakistan has taken place since then and there is no progress on the agreed roadmap,” Sitharaman said in a written reply to the Lok Sabha.In September 2012, it was agreed that Pakistan would immediately remove all trade restrictions through Wagha/Attari border, transition fully to MFN (non-discriminatory) status to India by December 2012.

Pakistan, however, did not adhere to the timelines.

Replying to a separate question, she said India and the US have held consultations in May under the aegis of WTO’s dispute settlement mechanism on the higher visa fee issue.

“India took up the matter in the dispute settlement body of the WTO with respect to two measures by the US – measures relating to fees for L1 and H1B non-immigrant visas; measures relating to numerical commitment for H1B visas,” she said.

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