Pakistan's exports to India grow 66 percent
Wednesday January 30, 2013 09:31:28 PM,
IANS
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New Delhi:
Pakistan's exports to India in April-December 2012 grew by 66
percent over the same period in 2011, while India's exports to it
increased by 16 percent, officials said Wednesday.
The figures were from an official statement issued by Directorate
General of Commercial Intelligence and Statistics, Ministry of
Commerce & Industry (MoCI).
Pakistan's exports to India in April-December 2012 stood at $460
million, which is more than $277 million during the same period in
2011, an official statement issued by the Indian High Commission
in Islamabad said.
It is also more than the value of Pakistan's exports to India
($401 million) in the entire previous year (April 2011-March
2012).
The growth of $183 million in Pakistan's exports to India during
April-December 2012 is more than the increase of about $170
million in its imports from India in the same period, the official
statement said.
"MoCI figures also indicate that the share of Pakistan's exports
in bilateral trade with India has almost doubled since 2009-10,"
it said.
The "impressive increase" in Pakistan's exports during
April-December 2012 reflects the benefits of the steps taken to
enhance bilateral trade, and improvement of trade environment,
aided by SAFTA (South Asia Free Trade Area) tariff reductions, it
added.
In order to address concerns of Pakistan's exporters, the two
countries had also signed three agreements in 2012 in areas of
customs cooperation, mutual recognition of standards and redressal
of trade grievances.
The release said a number of trade organisations in both countries
have promoted greater exchange of trade and business delegations,
specially in 2012.
"Liberalised visa provisions pertaining to business persons will
further facilitate such exchanges," it said.
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