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Pakistan should decide if it belongs to West Asian family or South Asian DNA: Subramanian Swamy
Pakistan needs to make up mind whether you are of West Asian family or South Asian DNA to clear many of the obstacles today, Subramanian Swamy, a senior leader, BJP, said at an event organised by industry association Assocham in New Delhi today.
He said, "India also needs to make up their mind whether it's ally of United States (US) or SAARC family with an Asian focus that includes China because United States itself has not the kind of global reach any more than in past and it is also over involved in many activities from which ultimately they may have to withdraw….," added Swamy.

There is an immense trade potential waiting to be trapped but the question is whether we have the maturity to de-link politics and economics. The answer is 'Yes' judging the experience globally. Thus, India-Chain, China-Taiwan and China- Japan have outstanding and even festering disputes but are still large trading partners, said Swamy while inaugurating "India-Pakistan Trade Dialogue: Transforming Economic Equations" organized by Assocham.

India-Pakistan total trade today stands at a mere US $2.7 billion. India's exports to Pakistan stands at US $ 2.2 billion. Additionally, illegal and circuitous trade through third countries totals around $1 billion. This trade quantum is an insignificant percentage of either country's global trade. This low level is not because the two countries lack the comparative advantages essentials to trade. There is sufficient relative difference in their production and cost patterns to justify a much higher trade, mentioned Swamy, according to a press release issued by Assocham.

The three categories with the largest export potential from India to Pakistan are machinery, mechanical appliances, automobiles, software and electrical equipment and chemical and textiles, account for 54 per cent of total export potential.

Swami further said, there is need of drawing a rigorous framework for trade that should be formulated independent of any political contingencies. The Most Favoured Nation (MFN) status which is mandatory under the GATT-II needs to be formally announced.

Engr. Rizwan Ashraf, President, The Faisalabad Chamber of Commerce & Industry, Pakistan said the business community of Pakistan is in favour of increasing two-way trade particularly with India that would be beneficial for economic stability and long lasting peace for both the countries and their people.

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