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India permits Pakistan to re-export dried dates

ANI  |  Asia 

Indian customs permitted to re-export the dried date shipments, which were stuck at the border check post ever since the trade activities between the two neighbours were virtually halted following the

It should be recalled that had raised basic customs duty on Pakistani exports by 200 per cent owing to which the trade activities between the two countries had effectively halted.

According to a statement released by Ministry of Commerce, the shipments had been stuck at the border since February 16, since the Indian exporters had refused to clear the goods amid escalated tensions, reported Dawn.

In the aftermath of Pulwama attack, had withdrawn Most Favoured Nations (MFN) status accorded to Pakistan, following which the basic customs duty on all goods exported from the country to was raised to 200 per cent.

The increased custom duty adversely affected date producers in Pakistan, as around 96 per cent of the country's total date exports are India-bound. Furthermore, they were deprived of India's huge market for the sale of their product.

The MFN status to was given by in 1996. Most Favoured Nation status is given to an international trade partner to ensure non-discriminatory trade between all partner countries of the WTO.

A country which provides MFN status to another country has to provide concessions, privileges, and immunity in trade agreements. It is the first clause in the (GATT).

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, June 14 2019. 14:34 IST