You are here: Home » Current Affairs » News » National
Business Standard

Resume trade between India and Pakistan: Cong MP from Amritsar to PM

Congress MP from Amritsar Gurjit Singh Aujla urged Modi for resumption of trade between India and Pakistan and other central Asian countries and bringing a new trade policy

Topics
India Pakistan relations | Congress | Amritsar

Press Trust of India  |  New Delhi 

Representative image
Representative image

MP from Gurjit Singh Aujla urged Prime Minister Narendra Modi on Monday for resumption of trade between India and Pakistan and other central asian countries and bringing a new trade policy that is more acceptable in the post-COVID pandemic world.

In a letter to the prime minister, Aujla said the bilateral trade between India and Pakistan is languishing at around USD 2.5 billion annually while the potential, according to the World Bank, is USD 37 billion.

"Therefore, in order to give a fresh start to the agriculture and economic rejuvenation of the region, I request your good office to consider opening of diplomatic channels for the resumption of trade and also for a fresh trade policy more acceptable in the post pandemic world," he said in a letter.

The leader pointed out that the border district of has suffered immensely due to the imposition of 200-per cent customs duty on imports from Pakistan in February 2019, the reckless termination of trade in August 2019 by Islamabad, the COVID-19 pandemic and now, with the introduction of the new farm laws.

He also called for considering making Punjab the centre of the India-Pakistan relationship, fortifying the trade routes running through the state.

"This would allow the agricultural products originating in Indian Punjab to get a preferential market access in Pakistan, thus benefitting the farmers of Punjab," Aujla said.

The direct impact of a disruption in border trade is felt the most in Punjab, especially among the over 20,000 families in dependent on this trade, he said.

Aujla said Amritsar's local economy has suffered a loss of nearly Rs 30 crore earned every month from the border trade.

He said after the opening of the Kartarpur corridor, the possibility of looking at bilateral relations from a different perspective has emerged.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, October 13 2020. 06:09 IST
RECOMMENDED FOR YOU
.