To check Oneindia News on your Mobile
go to:   http://m.oneindia.in/news/
  •  

India denies withdrawal of tariff concession to Pakistan

Islamabad, Feb 28 (UNI) Indian High Commission in Pakistan has categorically described the local media reports as incorrect, which suggested that India had unilaterally withdrawn tariff concessions extended to Pakistan under South Asian Free Trade Agreement (SAFTA).

''It has been wrongly reported in various newspapers of Pakistan,'' The News quoted an official statement issued by the high commission as saying.

Minister for Commerce and Industry Kamal Nath while addressing a press conference in Kathmandu at the meeting of the Safta Ministerial Council on Monday said India had urged Pakistan to comply, in letter and spirit, with Safta, an agreement which Pakistan also signed and acceded to, the official statement said.

Mr Kamal Nath said India made it clear to Pakistan that there could not be a qualified implementation of Safta, adding, both the countries will discuss the issue bilaterally and another ministerial council meeting will review this issue in six months.

''The minister had also pointed out that implementation of Safta will benefit Pakistan's economy and hoped that Pakistan will recognise this, and the need to implement Safta in letter and spirit,'' the statement said.

He said that as a gesture, India was not withdrawing, for the time being, the concessions it had extended to Pakistan under Safta.

India is for consolidating Safta and had already implemented its obligations under the agreement and it also had the right and the option to deny Safta benefits to Pakistan because it was not receiving similar benefits from Pakistan under the agreement.

Pakistan would not review the tariff concessions extended to all member countries including India under the South Asian Free Trade Agreement, Pakistan's foreign ministry spokeswoman yesterday said.

Pakistan will remain committed to continue with the trade liberalisation program as stipulated in the SAFTA agreement, she said.

UNI

Politics Former Minister appears before CIAA

Kathmandu, Feb 28 (UNI) The Nepal Commission for Investigation of Abuse of Authority (CIAA) today interrogated former Home Minister Kamal Thapa during the royal regime, over his alleged role in suppressing the Jana Andolan. He is the first to be interrogated by the CIAA on charges of abuse of authority attempting to suppress the Jana Andolan II. The CIAA plans to complete the interrogation of four ministers Dan Bahadur Shahi, Tanka Dhakal, Kamal Thapa and Shrish SJB Rana of the.....

One labourer killed as tipper overtuns

Srikalahasti, Andhra Pradesh, Mar 14 (UNI) One woman labourer was killed on the spot and three injured, two of them seriously, when a tipper, in which they were travelling overturned a place near the Telugu Ganga canal at Kasaram village in Thodampedu Mandal in Chittoor district about 13 km from here today. Police said the mishap occurred when the workers of the Telugu Ganga Canal were proceeding to the work spot. The injured were rushed to a hospital, police said. UNI.....

Dubai Studio City to have Bollywood studios as their W Asia base

Dubai, Feb 28 (UNI) Dubai Studio City, a cluster dedicated to film-making facilities, is in the process of negotiating with Bollywood studios to serve as their West Asia base of operations, sources said. Amina Al Rostamani, executive director of media for Tecom Investments, the owner of Dubai Studio City, said the zone is currently courting major studio houses to attract more feature films to be shot in the UAE. After the master development was first created in February 2005, it is.....
User Comments
[ Post Comments ]
Be the first to comment on this article.
Oneindia  Oneindia Login