India, Pak officials to discuss cross-LoC trade issues

Image
Press Trust of India New Delhi
Last Updated : Mar 02 2014 | 12:40 PM IST
Indian and Pakistani officials will meet here on Tuesday to fine tune the mechanism for cross-Line of Control (LoC) trade in Jammu and Kashmir, including urgent redressal of issues arising out of illegal practices.
The meeting comes against the backdrop of tension along the LoC after the arrest of a driver from Pakistan-occupied- Kashmir (PoK) for allegedly smuggling 'brown sugar' worth Rs 100 crore on January 17.
That resulted in disruption of the trade between the two sides of Kashmir, which resumed only in the last week of February.
Following resumption of trade in Kashmir, the two sides had agreed to hold a Joint Working Group meeting to make a holistic review of trade along the LoC.
In view of this, the two sides will be meeting on March 4 where Pakistani side will be represented by Director General (South Asia) Riffat Masood and Indian side will be headed by a Joint Secretary from Ministry of External Affairs, official sources said.
Ahead of this meeting, internal deliberations were held with various stakeholders in LoC trade over the agenda for the meeting.
During the talks, it was decided that India will try and work out a formula with Pakistan for increasing the volume of trade by including some more items in the import and export list.
At present, the two sides have agreed for trade of 21 items among which are carpets, rugs, honey, papier mache, saffron, medicinal herbs from Uri to Chakotti (PoK), precious stones, Peshawari leather chappals, foam mattresses, shawls and stoles and black mushrooms from PoK to Jammu and Kashmir.
There has been demand from various trading federations from the state for expanding the list.
It was also decided that both sides will review the latest development of the case pertaining to brown sugar seizure and work out a formula to deal with such incidents in future.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 02 2014 | 12:40 PM IST

Next Story