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      Most Favored Nation (MFN) Treatment for India An Analysis

      research-article
      Policy Perspectives
      Pluto Journals
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            Abstract

            [While MFN treatment is one of the basic principles of the multilateral trading system under GATT/WTO, exceptions are there and have been exercised by countries considering their own objectives and interests. While India granted Pakistan MFN status since 1996, trade balance remains heavily in favor of India due to Non-Tariff Barriers (NTBs) imposed by India. Considering the nature of relationship between the two countries and state of affairs of Pakistani economy, MFN status will have some worth pondering pitfalls for Pakistan, and only meager gains are expected. Moreover, the hasty decision to grant MFN status to India seems driven more by international agenda than any indigenous imperative. Pakistan needs to adopt a gradual approach and should go for complete liberalization of trade only after guarantees for removal of NTBs and its rightful share of water.]

            Content

            Author and article information

            Journal
            polipers
            10.2307/j50009730
            Policy Perspectives
            Pluto Journals
            18121829
            1 January 2012
            : 9
            : 2
            : 97-107
            Article
            10.2307/42922707
            be7b1c9d-60ca-45d2-9933-ce08d3db7d4d
            © 2012, Institute of Policy Studies

            All content is freely available without charge to users or their institutions. Users are allowed to read, download, copy, distribute, print, search, or link to the full texts of the articles in this journal without asking prior permission of the publisher or the author. Articles published in the journal are distributed under a http://creativecommons.org/licenses/by/4.0/.


            Education,Religious studies & Theology,Social & Behavioral Sciences,Law,Economics

            [Footnotes]

            1. Das, WTO and the Multilateral Trading System: Past, Present and Future.

            2. WTO, "The Results of Uruguay Round of Multilateral Trade Negotiations."

            3. Qamar, "Trade between India and Pakistan."

            4. Kissinger, On China.

            5. Op. Cit. Qamar.

            6. Business Recorder, February 15, 2012.

            7. Malik, Mehreen Zehra. "India Surprised over Pak Move on MFN Status," The News International, November 16, 2011.

            8. The Nation, March 01, 2012.

            9. Khan, Mubarak Zeb. "S. Asian Nations Agree to Reduce Sensitive Lists," Dawn, February 17, 2012.

            10. US Department of State, "Interview of Hillary Rodham Clinton by Moeed Pirzada of Pakistan TV."

            11. The News International, March 3, 2012.

            12. Rana, Ishfaq Parvaiz. "Divergent Reaction to 'Negative List'," Dawn, March 2, 2012.

            13. The Nation, December 5, 2011.

            14. Op. cit. Rana, Ishfaq Parvaiz.

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