India and Pakistan are set to sign three agreements to address issues such as non-tariff barriers (NTBs) that hinder bilateral trade.
Indian Joint Secretary for Commerce Arvind Mehta said, the agreements are expected to be signed during Commerce Minister Anand Sharma’s visit to Pakistan next month. Mr. Mehta was speaking at the Lahore Chamber of Commerce and Industry.
Mr.Mehta, who is in Pakistan with a five-member delegation of Indian regulators, said these pacts are the Customs Cooperation Agreement to avoid arbitrary stoppage of goods at each other's ports, Mutual Recognition Agreement for acceptance of certificates of internationally accredited laboratories, and Redressal of Grievances Agreement to address any disagreements.
Mr. Mehta said the two sides have also finalised a very liberal visa regime that will be in place as soon as the Cabinets of the two countries grant approval.
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