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Posted on Jan 31, 11:50AM | UNI
New Delhi, Jan 30 : Pakistan's exports to India have grown by 66 per cent during the last one year as compared to 16 per cent rise in Indian exports to Pakistan.
In fact the share of Pakistan's exports in bilateral trade with India has almost doubled since 2009-10.
The steps taken to enhance bilateral trade, and improvement of trade environment, aided by SAFTA tariff reductions have been responsible for this impressive growth.
According to latest figures of the Directorate General of Commercial Intelligence and Statistics, Ministry of Commerce and Industry (MoCI), Pakistan's exports to India in the nine months of 2012 stood at 460 million dollars, which is much more than 277 million dollars during April-December 2011 and was also more than the value of Pakistan's exports to India (401 million dollars ) in the entire previous year (April 2011-March 2012).
It is expected that the liberalized visa provisions pertaining to business persons would further facilitate such exchanges.
The two countries have signed three agreements in 2012 in areas of customs cooperation, mutual recognition of standards and redressal of trade grievances.
A number of trade organisations in both countries have promoted, especially in 2012, greater exchange of trade and business delegations between India and Pakistan.