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UPDATED: 09:33, March 26, 2006
Pakistan, India to hold three-day trade talks from March 27
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Pakistan and India will hold three-day trade talks in Islamabad from March 27, Pakistan Commerce Ministry said in a statement on Saturday.

The talks will address issues relating to trade facility including tariff and non-tariff barriers, economic and trade cooperation relating to customs laws and procedures, the statement said.

The talks come amid reports that trade between the two countries has almost doubled to cross the one-billion-dollar mark this year.

Reports said that the trade volume between the two countries has grown to 400 million U.S. dollars in the year to March 2006 due to the implementation of a South Asian Free Trade Area Agreement (SAFTA) and the opening of rail and road links between the neighbor countries last year.

After the start of Pakistan-India peace talks, Pakistan has scrapped import duties on 13 commodities from India that were scarce in its local markets, including garlic, onions, potatoes, tomatoes and livestock.

Source: Xinhua

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