India Did Not Inform Pakistan Of Withdrawing MFN Status: Razak Dawood
Mahnoor Sheikh (@mahnoorsheikh03) Published February 17, 2019 | 10:42 AM
Pakistan can raise the matter on various forums, including world trade forum, the adviser said.
Islamabad (UrduPoint / Pakistan Point News – 17th February, 2019) India did not inform Pakistan of its decision to withdraw Most Favoured Nation (MFN) status to Pakistan, Abdul Razak Dawood said on Sunday.
Adviser to the prime minister on Commerce, Textile, Industry and Investment Abdul Razak Dawood said that we are considering India’s move to revoke MFN status to Pakistan.
Pakistan can raise the matter on various forums, including world trade forum, the adviser said.
He said that Pakistan and India both are members of World Trade Organisation (WTO).
India revoked its MFN status to Pakistan on Friday.
The move comes a day after 40 Indian soldiers were killed in a terror attack in Indian-Administered Kashmir.
Indian Finance Minister Arun Jaitley announced the decision while briefing the media in Delhi.
He said that India will take all diplomatic steps to ensure complete isolation of Pakistan in the international community.
Jaitley said that those helping and supporting terrorists will pay a very heavy price.
Most favoured nation status is given a trade partner to ensure non-discriminator trade between the two countries. Indian granted Pakistan the status in 1996.
Both India and Pakistan are signatories to the WTO's General Agreement on Tariffs and Trade, which means they have to treat each other and other WTO member countries as favoured trading partners in terms of custom duties.
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