Saturday, April 30, 2011
Bt cotton exports to benefit farmers & consumers in Pakistan
Hailing the new beginning in Indo Pak economic relations Mr Ramu S Deora, President Federation of Indian Export Organisations (FIEO) said that the biggest achievement for us is recognition by Pakistan that grant of MFN status would expand bilateral trade re-affirming India's stand. The process has already started with commitment to move from positive list to negative list of items said Mr Deora.
FIEO would be taking steps for setting up joint chamber with its counterpart in Pakistan to facilitate trade.The focus of joint communique is on removal of Non tariff barrier which is key to trade expansion, observed President FIEO, Exports of Bt cotton will benefit farmers and consumers in Pakistan and will help in gap in cotton production.
Mr Deora said that bilateral trade will cross US $ 10 Billion in next three years.
Federation of Indian Export Organisations (FIEO)
(Source: http://www.fibre2fashion.com/news/textile-news/newsdetails.aspx?news_id=98293)
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