Removal of trade barriers to enhance intra-regional trade

Removal of trade barriers to enhance intra-regional trade

ISLAMABAD: The intra-regional trade will get a boost once the trade barriers are removed, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) said.

Reduction in trade barriers would bring a major change in the region which will have a positive impact on the lives of tens of millions of people, Chairman FPCCI Committee on Health and Director Pak-Uk Business Council, Tariq Mehmood said.Currently, all the major political parties and chambers of commerce are supporting trade liberalization with India for which the national business leaders initiated efforts decades back, he said in a meeting with business community here.

Tariq Mehmood said that after December 31, the Pakistani exports of fashion apparel, bed wear, home textiles, and cement etc are expected to get increased access to a much larger Indian market while importers will save transport costs to benefit masses.He was of the view that the liberalized trade will help reduce Pakistan’s food import bill from current US$5 billion.He called upon government to initiate efforts to further educate stakeholders and strive for improvement of infrastructure and customs facilities to properly handle trade between two countries. – Brcorder