INDIA PAKISTAN TRADE RELATION

HISTORY OF INDIAN-PAKISTAN TRADE RELATION

INDIA and PAKISTAN have been trading with each other since 1947 with a brief period of hiatus for nine years: 1965-1974. However, despite a largely uninterrupted trade regime since 1974, the extent of trade between India and Pakistan is limited and almost negligible. After the dissolution of the British Raj in 1947, two new sovereign nations were formedthe Union of India and the Dominion of Pakistan.

CONTI......
Soon after their independence, India and Pakistan established diplomatic relations but the violent partition and numerous territorial disputes would overshadow their relationship. In 1997, the business-friendly Nawaz Sharif was prime minister, relations between Pakistan and India were thawing and the two countries were trying to use improved trade to put decades of animosity behind them.

CONTI.....
A historical review shows that at the time of independence, India and Pakistan were heavily dependent on each other.

In fact, India's share in Pakistan's global exports and imports accounted for 23.6% and 50.6% respectively in 1948-1949 which declined to 1.3% and 0.06% respectively in 1975-1976.

CONTI....
Pakistan's share in India's global exports and imports was 2.2 % and 1.1% respectively in 1951-1952 which gradually went down to 0.7% and 0.13% in 2005-2006. India's trade balance with Pakistan which was US $ 94.7 million in 2001 has increased to US $ 948.6 million in 2006 and currently stands at US $ 1987.4 million as of 2010.

CONTI....
On the other hand, India's imports from Pakistan remain negligible. This often results in political rhetoric, further hindering cross-border trade.

With a vision to enhance peace and prosperity to flourish in the region, the two countries are now progressing toward a closer economic relation realising the synergy of bilateral potential.

WORLD RANKING IN TEXTILES OF PAKISTAN

2nd largest exporter of cotton yarn. 3rd largest exporter of fabric
4th largest producer of Cotton.

EXPORT OF PAKISTAN

TEXTILE INDUSTRY OF INDIA

The textile industry of India is the second largest industry in world after China. Largest producer of Jute in World.

2nd Largest producer of Silk.

3rd Largest producer of cotton and Cellulosic Fiber/Yarn.

5th Largest producer of Synthetic Fibers/Yarn.

Provides employment to 35 million peoples and contributed 4% in GDP and contribute 4% in GDP.

PAKISTAN AS EXPORTS TO INDIA

PAKISTAN AS EXPORTS FROM INDIA

INDIAS TOP TEN EXPORTS TO PAKISTAN

INDIAS TOP TEN EXPORTS FROM PAKISTAN

INDIAS TRADE BALANCE WITH PAKISTAN