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Indo-Pak cross LoC trade model finalised

Posted Sep 24 2008 12:21pm

New Delhi: Modalities of cross LoC trade between India and Pakistan were finalised today at a meeting of the Joint Working Group on Cross LOC Confidence Building Measures (CBMs) here.

"The agreement was for starting commerce on Srinagar-Muzaffarabad and Poonch-Rawalkot routes," Pakistan's Additional Secretary (South Asia) in the Foreign Ministry Aijaz Ahmed Chowdhury said.

The trade will begin after it gets clearance from the legislatures of the two nations, he added.

The Indian delegation was led by TCA Raghavan, Joint Secretary in the Ministry of External Affairs and the Pakistan delegation by Choudhury.

In July, foreign secretaries of the two countries had exchanged lists of commodities with zero tariff regime. Each side had agreed to indicate the items they were willing to receive.

A formal announcement is likely to be made this week after a meeting of Pakistan President Asif Ali Zardari and Indian Prime Minister Manmohan Singh at the UN General Assembly session in New York.

The two countries have already opened a bus service between Srinagar and Muzaffarabad in April 2005.
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