Indo-Pak trade may touch $9 bn-mark: Assocham
Given the fast changing trade equations between the two neighbours, Indo-Pak two-way trade should touch $9 billion-mark in the next a few years only, industry chamber Assocham said on Tuesday.
By PTI |
JAMMU: Given the fast changing trade equations between the two neighbours, Indo-Pak two-way trade should touch $9 billion-mark in the next a few years only, industry chamber Assocham said on Tuesday.
"Despite the bilateral trade, as per current estimates, reaching only USD 2 billion figure, the two-way trade has the potential to grow manifold. This will lead to an increased economic and trade-related inter-dependence between the two countries that will also gradually lead to the two sides burying political differences," said Assocham Secretary General D S Rawat while releasing the industry body's publication on Indo-Pak trade ties here.
The Assocham Secretary General expressed optimism that with the opening up of rail and road links between India and Pakistan, the two countries' trade would see a further boost and also pave way for larger movement in trade and tourism sectors.
"Let us ignore for a while what has happened on the political front in the past between India and Pakistan and hope that confidence building measures between the two countries will pick up for increased two-way economic gains," said Rawat.
"Despite the bilateral trade, as per current estimates, reaching only USD 2 billion figure, the two-way trade has the potential to grow manifold. This will lead to an increased economic and trade-related inter-dependence between the two countries that will also gradually lead to the two sides burying political differences," said Assocham Secretary General D S Rawat while releasing the industry body's publication on Indo-Pak trade ties here.
The Assocham Secretary General expressed optimism that with the opening up of rail and road links between India and Pakistan, the two countries' trade would see a further boost and also pave way for larger movement in trade and tourism sectors.
"Let us ignore for a while what has happened on the political front in the past between India and Pakistan and hope that confidence building measures between the two countries will pick up for increased two-way economic gains," said Rawat.
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