Table of Contents
A NEW TRADE WAR BETWEEN INDIA AND PAKISTAN
NOTES
India has hiked tariffs on all imports from Pakistan to 200% with immediate effect
The decision will almost certainly deal a death blow to Pakistan’s exports to India, which currently stand at around US$490 million.
3400 करोड़ रुपये AROUND 6800 CRORE PAKISTANI RUPEES
INDO PAK TRADE
India’s major imports are fruits and nuts, gypsum, sulphur, finished leather, ores, mineral oils and cement.
The new tariff of 200% is higher than India’s average bound rate for agricultural products of 113.5% and that for non-farm goods of 34.6%. The MFN applied rates are 32.8% and 10.7%, respectively for farm and non-farm products.
WHAT IF PAKISTAN COUNTER ATTACKS WITH TARIFFS?
However, with Indian exports to Pakistan valued at just under $2 billion, any retaliatory tariff hike from Islamabad will also adversely impact all Indian companies currently selling products on the Pakistani market.
A SAD FUTURE AHEAD WHAT COULD HAVE BEEN
The trade potential between India and Pakistan stands at $37 billion, according to a World Bank report which said that continued political tensions and lack of normal trade relations between the two nations have cast a shadow over cooperation efforts within South Asia.
THIS MOVE WILL HURT PAKISTAN
Since 2011-12, India’s exports have been hovering at around $300 billion.
During 2017-18, the shipments grew by about 10 per cent to $303 billion There are chances that India’s exports will grow a lot (350 billion dollars) in the coming year
Compared to that Pakistan’s ambition is to reach exports of 27 billion dollars by 2019
OTHER AREAS WHERE INDIA HAS ACTED
D-Sport which was the official broadcaster of the Pakistan Super League in India, has said that it has suspended broadcast of the T20 league.
As the fourth season of the Pakistan Super League (PSL) is about to get underway in the UAE with a bang on February 14, the brand value of this franchise Twenty20 Cricket League rests at US$230 million
PSL AND IPL
the Indian Premier League (IPL) whose brand value has been calculated at US$6.3 billion by Messrs Duff & Phelps, the New York-based valuation corporate finance advisors.
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