Sunday 03 12 2023 12:27:19 PM

Office Address

123/A, Miranda City Likaoli Prikano, Dope

Phone Number

+0989 7876 9865 9

+(090) 8765 86543 85

Email Address

India not averse to trade relations with Pakistan says a top Indian diplomat
Mr.G.Chandrasekar Mar 20 2023 Exim News

India not averse to trade relations with Pakistan says a top Indian diplomat

India never halted trade relations with Pakistan and wants to move towards normalizing business ties, a senior Indian diplomat here has said, stressing that today's diplomacy focuses on tourism, trade and technology because "money speaks its own language". Suresh Kumar, India's Deputy High Commissioner to Pakistan made these remarks while speaking at the Lahore Chamber of Commerce and Industry (LCCI)on March 16, the Dawn newspaper reported.

"India always wants bet­­ter relations with Pak­istan because we cannot change our geography," he said. "We didn't stop trade with Pakistan, it was Pakistan that did it. It would be better to see how we can change our problems and situations," Kumar added.

In 2019, after New Delhi revoked the special status of Jammu and Kashmir, Pakistan suspended bilateral trade with India and expelled its High Commissioner in Islamabad. India has been maintaining that it desires neighborly relations with Pakistan while insisting that the onus is on Islamabad to create an environment that is free of terror and hostility for such an engagement.

The trade with Pakistan stood at 329.26 million US dollars in 2020-21 and 830. 58 million US dollars in 2019-20, the data showed.

He agreed that the number of visas issued by the Indian embassy to Pak­istanis dropped during the Covid-19 pandemic. How­ever, he insisted that the number has now increa­sed, as 30,000 visas were being issued every year, which he said was "a huge number". Indian government was also issuing medical and sports visas to Pakistanis. He said gone were the days when diplomacy used to focus on compiling political reports. Today's di­plo­macy, he said, revol­ved around tourism, trade and technology "as money speaks its own language".

India was presently doing trade of 120 billion US dollars with China, in which the balance of trade is towards China, he said, stressing that imports "are not always wrong and also have advantages".

Kumar said that intellectual property has become more important than physical property. "By sitting in distant countries and manufacturing in other countries, Europe is making money due to intellectual property rig­hts. Universities in Europe focus on technology" he said.

He said transit trade was extr­emely important as Cen­­tral Asia was a big market and India needed ac­­cess to it. Similarly, Central Asia also needed access to India.

He said India was on course to become one of the largest economies. "Our service sector has grown enormously and now we are focusing on manufacturing, like automobile and electronics manufacturing," he said.

Lahore Chamber of Commerce President Kashif Anwar said it was generally thought that improving economic relations bet­ween India and Pakistan was a complex issue that required addressing a range of political, economic and social factors. "But we are of the view that the foremost step that could be taken to improve economic relations betw­een India and Pakistan is to normalize trade relations. This would bring substantial economic benefits evenly to both the countries," he said.