DECLARING INDIA AS MOST FAVORITE NATION IS A RIGHT DECISION BY GOVERNMENT OF PAKISTAN

GROUP MEMBERS
M Ahmad Iqbal Seerat Zafar Mirza Farquleet Baig Arslan Naseerullah Waqas Ajmal

OUTLINE:

What does MFN mean? We just hate INDIA Benefits For PAK economy Where will the gains come from? Common misconceptions What needs to be done now? Conclusion References Question session

WHAT DOES MFN MEAN?

Misconception
WTO

India gave MFN status to Pakistan in 1996

WE JUST HATE INDIA!!

BENEFITS FOR PAK ECONOMY

Relaxed terms and condition to promote trade Penetrating Indian market Huge savings Our imports Foreign exchange reserves Cheaper raw material ICRIER study Cooperation in automobile sector Cooperation in IT sector Depressing inflation Creating stake holders

WHERE WILL THE GAINS COME FROM?

Existing markets Replace domestic tariff, tax and subsidy policies Strengthen the policies used to manage and facilitate trade integration

COMMON MISCONCEPTIONS:
Trading relations with china and rest of the world Intervening in internal affairs Water issues with India Economic Independency It can be a dictation from America Uncertainty in Indo-Pak relations Just to grant MFN status or to move forward? Damage to domestic industry Why India is so much interested in Pakistan? Why Pakistan had been delaying this act since 1996? Kashmir issue Defense

WHAT NEEDS TO BE DONE?

Strengthen Relations Opening of new border crossings Quick customs clearance Improvement of electronic data interchange, telecommunication, and transport links Creation of new shipping protocols Easing of visa restrictions Improve infrastructure
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CONCLUSION
Benefit for Pakistan Pakistani products to international markets No worry for Pakistani producers Establishment of working groups

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REFERENCES
Bank of Pakistan, Research and Economic Policy Department Report,Implications of Liberalizing Trade and Investment with India, 2006. Government of Pakistan, The Tenth Five-Year Plan, 201015 (Draft) Planning Commission, Islamabad, May 31, 2010. Mohsin S. Khan, India-Pakistan Trade: A Roadmap for Enhancing Economic Relations policy brief, pp. 915 (Washington, D.C., Peterson Institute for International Economics), 2009.

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QUESTION AND ANSWER SESSION

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