An agreement between Pakistan and India for Customs corporation is expected to be signed by next month. This was stated by Tariq Puri, Chief Executive, Trade Development Authority of Pakistan (TDAP), at a press briefing held here on Friday.
He said the modalities related to customs co-operation between the two counties have been finalised and the agreement in this regard is going to be signed during Indian Commerce Minister Anand Sharma''s visit, which is scheduled for February 13, 2012.
He said the authority has organised an interactive session between the trade regulators of Government of India and Business community at TDAP to spread awareness about non-tariff barriers in the Indian import regime. He said that as part of the recent progress being made towards trade normalisation a comprehensive custom agreement is being finalised, which will also have the mechanism for expeditious clearance of cargo, sharing of trade laws, customs valuation, setting up of joint boarder liaison committee.
He said that the Indian government was in the process of introducing more liberal visa regime policy. TDAP chief said that the authority was also engaging consultants to study the potential of Indian market and their findings will be discussed with the stakeholders in a series of seminars to be held across country
The TDAP interactive session was attended by the Pakistani business community, which included all relevant trade associations as well as members of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Karachi Chambers of Commerce and Industry (KCCI).
The Indian regulators Rajiv Raizada, additional director, Export Inspection Council and Rajeev Kumar Sharma, deputy director technical of Food Safety and Standards Authority of India (FSSAI) gave an overview of the Indian import regime and procedures and explained at length the food safety, standards and inspection requirements.
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