Pakistan cries foul on import of Indian granite
The Dollar Business Bureau The members of All Pakistan Marble Mining Processing Industry and Exporters Association (APMMPIEA) were miffed with the import of the banned product from India, the granite. According to them, $4.5 million worth of granite was exported to India from July 2015 to March 2016, against $10 million worth marble that was imported from the country in the same time frame. This is mainly because of the negligence of Pakistan Customs. The Customs Valuation Law for finished granite is misrepresented under HC Code 6802.2300, under Appendix G of Import Policy Ordinance 2013. The Pakistan Customs Tariff (PCT) wasn’t followed properly by the officials. As the banned item is easily available in the market, the local marble industry is facing ...
MFN status can boost India-Pakistan trade to over $10 billion: FIEO
The Dollar Business Bureau | @TheDollarBiz The Federation of Indian Exporters Organisation (FIEO) says that bilateral trade between India and Pakistan has the potential to grow almost four times to over $10 billion if Pakistan grants the Most Favoured Nation (MFN) status to India. Under the World Trade Organisation (WTO) obligations, India had granted the MFN status to Pakistan in 1996, but Pakistan has not reciprocated so far. In 2012, the Pakistan government agreed to award the MFN status to India and it was anticipated that the Nawaz Sharif government will do so by the end of 2014. However, the recent turmoil in Kashmir has derailed negotiations between the two countries. FIEO hopes that talks between India and Pakistan will ...
