India, Pakistan have $11 billion bilateral trade potential: Icrier

India, Pakistan have $11 billion bilateral trade potential: Icrier
PTI
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First Published: Sun, Dec 16 2007. 11 59 PM IST
Updated: Sun, Dec 16 2007. 11 59 PM IST
India and Pakistan have a trade potential of $11.7 billion (Rs46,098 crore), but the two neighbours need to take proactive measures to exploit untapped areas of economic cooperation, the Indian Council of Research on International Economic Relations (Icrier) has said.
A study by the economic think tank, based on surveys of business people, has identified export potential of $2.2 billion from Pakistan to India, while India can ship goods worth $9.5 billion per annum to its neighbour.
“An examination of top 50 potential export items from Pakistan indicates that India is importing 45 of these items from the rest of the world, but not from Pakistan,” the study said.
“An examination of the top 50 items having export potential from India indicates that only 22 items are on the positive list,” it added.
Trade between India and Pakistan, although at low levels, has grown significantly in recent years. Between 2000-01 to 2005-06, trade has increased by three-and-a-half times from $251 million to $869 million per annum.
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First Published: Sun, Dec 16 2007. 11 59 PM IST