Indian and Pakistani trade bodies signed an agreement to facilitate the flow of bilateral trade, in New Delhi on Wednesday.
The pact was inked between the India Trade Promotion Organisation (ITPO) and Trade Promotion Authority of Pakistan in the presence of the trade ministers of both countries – Anand Sharma (India) and Makhdoom Mohammad Amin Fahim (Pakistan).
Fahim is in India on a five-day visit to explore the possibilities of enhancing bilateral trade. He is accompanied by a business delegation.
After the agreement signing ceremony, Anand Sharma said: “The agreement is aimed to facilitate bilateral trade. The two organisations will organise road shows and trade fairs and suggest measures to promote trade.”
Notably, the role of the two trade bodies is important as the two countries target to increase their trade to USD six billion in three years, from the current USD 2.7 billion.