Pakistan will suffer losses if it ends business with India
Pakistan will suffer losses if it ends business with India
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New Delhi: Pakistan has been badly irritated after the Central Government revoked Section 370 in Jammu and Kashmir. Pakistan takes several decisions to protest like suspension of train and bus services between the two countries. Pakistan has also stopped trade with India. But the move is not going to have any significant impact on the Indian economy. According to Indian businessmen, they have already significantly reduced their dependence on goods imported from Pakistan.

Businessmen feel that the move will only harm Pakistan. The items exported by India to Pakistan are mainly organic chemicals, cotton, plastics and dyes. The items imported from there are mainly fruits and dry food, minerals and ore, finished leather and wool. India has long stopped exporting tomatoes to Pakistan.

"Stopping trade relations will do more harm to Pakistan as Pakistan violates global trade rules and lacks the most favoured nation," said Ajay Sahay, director general of the Federation of Indian Export Organisation. is limited. After withdrawing the status of Most Favoured Nation from Pak, the tariff on goods imported from Pakistan was reduced to 200 per cent. Officials have also said that trade with Pakistan has been almost close for quite some time now. Therefore, Pakistan's move will not affect agricultural products mainly.

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