Thursday, Mar 28 2024 | Time 15:15 Hrs(IST)
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Business Economy


No discussion on withdrawal of MFN status to Pakistan: Sitharaman

New Delhi, Oct 15 (UNI) Clearing all the air with regard to scrapping of Most Favoured Nation (MFN) status to Pakistan in the wake of Uri terror attack, Minister of State for Commerce and Industry Nirmala Sitharaman today said no discussion has taken place yet for withdrawal of the same.
“Granting MFN status to any country is based on reciprocity. With regards to Pakistan, we already extended this status in 1996 as a gesture of goodwill and it was believed that they would also reciprocate but unfortunately they did not,” Ms Sitharaman told reporters here.
Previous month, the government had called a meeting to review the MFN status granted to Pakistan but had to postpone due to escalation of issues related to surgical strike.
As per the global trade norms, member countries of the WTO are required to give non-discriminatory market access as part of the MFN status to each other.
The Pakistan had to reciprocate the same status in 2012 but it missed the deadline. Now, India is considering to drag Pakistan into WTO.
UNI ASH CJ 2009
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