Pakistan-India should move forward on political, economic fronts:
Musharraf
ISLAMABAD, Thursday (AFP) - Pakistan's President Pervez Musharraf
said the ongoing peace process with nuclear rival India should move
forward in tandem with economic cooperation.
"We have to move forward on the political front effectively for
dispute resolution and also simultaneously look for developing trade and
economic ties," Musharraf told a visiting Indian business delegation
here.
After years of hostility that sometimes spilled over to fighting, the
two sides launched a peace process early last year. They have since
restored road and travel links, most notably a bus service across the
disputed borders of Kashmir, the troubled region that has been the cause
of two of their three wars.
Musharraf said he hoped that increased interaction between the
business leaders of Pakistan and India could bring about a better
understanding of the issues between the two countries. But he also
warned that the root causes of the two countries' problems like the
Kashmir dispute also must be addressed.
"The past accords between the (two) countries failed as they did not
address the lingering disputes and brushed them under the carpet - let
us not do it again."
The Indian business delegation's leader described the meeting with
Musharraf as positive. "He was positive in promoting bilateral trade and
economic activities," Onkar Kanwar told reporters.
"We conveyed to the president that trade between the two countries
and an uninterrupted flow of business activities would be a win-win for
both the countries."
Bilateral trade between India and Pakistan has risen from 161 million
dollars in 2000 to 483.85 million dollars this year, with the balance
tilted heavily in India's favor. The Federation of Indian Chamber of
Commerce and Industry estimates trade potential of up to six billion
dollars.
India has been pressing Pakistan to grant it most favoured nation (MFN)
status, which would allow it to export goods with low duty costs.
India granted Pakistan MFN status in 1995 but Islamabad has been
reluctant to reciprocate, linking trade to settlement of the dispute in
Kashmir. |