An Indian farmer works in a rice field near the India-Pakistan border fence near the India-Pakistan Wagah Border. Photo: AFPIn a press conference last week, Pakistan Foreign Minister Ishaq Dar referred to the “appeals and demands” by the business community that, he said, was importing Indian goods via Dubai or Singapore at higher freight costs.
However, bilateral trade ties were already at a historic low even before the change of Kashmir’s constitutional status by India in August 2019. New Delhi had alreadya 200 percent customs duty on “all goods” that either originated in, or were exported from, Pakistan in February 2019. “The major obstacles to Pakistan’s exports to India are both non-tariff barriers that apply to imports from all sources as well as the specific aversion of RSS and other politically motivated groups to goods from Pakistan,” he tellsThese numbers don’t fully capture the extent of informal trade that takes place via a third party based in countries like the United Arab Emirates.
According to Dr. Aadil Nakhoda, assistant professor at Karachi’s Institute of Business Administration, the volume of informal trade is expected to be “more than twice” the formal trade currently taking place between the two countries.
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