Discuss about the role of stakeholders which can build a strong momentum in shaping the trade policy of India and Pakistan. (200 Words)
Refer - The Hindu
Enrich the answer from other sources, if the question demands.
IAS Parliament 3 years
KEY POINTS
· The rejection by the Pakistan government of the recent proposal made to it by the Economic Coordination Committee (ECC) to import sugar, cotton and cotton yarn from India was disappointing.
· India withdrew the Most Favoured Nation (MFN) status of Pakistan and imposed a customs duty hike of 200% on imports.
· A deeper examination of the trade measures and data indicate that there is more concrete evidence of trade between the two countries even after the imposition of restrictions.
Stakeholders
Informal meetings at executive level
· T0 determine the outline of trade policy and smoothen the trade relations.
· Strengthen the engagement at executive level to implement the policy
Regional groupings
· South Asian Association for Regional Cooperation to involve officials at regional level.
· Work towards the welfare of the region by establishing relations between India and Pakistan.
Diplomatic engagement
· To prevent the further tensions between the countries at the borders.
· To promote the trade at borders.
· The trade measures impacted several important domestic and export industries, even though the volume of trade was small at $2.56 billion in 2018-19.
· Governments of both countries need to recognise that there are significant costs of non-cooperation.
· Business organisations and chambers of commerce can play an important role in influencing the shaping of the India-Pakistan trade policy.
Cibi Siddharth 3 years
kindly review and give suggestions mam/sir
IAS Parliament 3 years
Try to include about diplomatic engagement, meetings at executive level. Keep Writing.
Venkateshwaran R 3 years
Kindly provide feedback...thank you Mam/Sir
IAS Parliament 3 years
Try to include about meetings at executive level, diplomatic engagement. Keep Writing.
K. V. A 3 years
Pls review
IAS Parliament 3 years
Try to explain the flow chart that is the core part of the answer. Keep Writing.
Arasu anantham 3 years
Kindly review this sir/mam
IAS Parliament 3 years
Need better understanding. Try to discuss about stakeholders like executives, business groups, diplomatic engagement. Keep Writing.
