Trade politics

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Pakistan and India seem to have finally come to appreciate the underpinning of 21st century advances in realpolitik – trade benefits and economic interests dictate political alliances. This is truer since the epic ’08 collapse that choked credit markets and bankrupted even the strongest economic structures in the west, reorienting trade priorities across the globe. Both Islamabad and New Delhi have let political differences of a by-gone era interfere with fundamental financial demands of the present for far too long. Hence the unprecedented anticipation and attention accorded to the MFN debate.
Perhaps in focusing on “core” political issues before binding both countries in long-term economic initiatives, both sides misread landmark evolution in international political economy. As it turns out, indulging traditional rivals in mutually beneficial economic programs, which neither would want to derail, actually stimulates ironing out of political differences. Therefore, the “normalisation roadmap”, with trade at its heart, might actually have what it takes to turn a new chapter in not just Pak-India history, but the entire Asian region.
That such progress has been achieved in the three short years since 26/11 also shows the strong realiastion in both establishments of the need to move forward. Relevant authorities must now be both quick and thorough in identifying core irritants, and ensure removal of unnecessary bottlenecks. Arguably the biggest nuisance in the present setup is the brutal visa regime. So far, ever since the confidence-building-measures of the previous government, businesses have been deterred by hostile visa regulations enough to abandon otherwise feasible initiatives. Both sides apparently realise the enormity of this particular problem, and have promised visible progress, which is appreciated.
It also needs to be noted that these latest developments, impressive as they are, are still vulnerable to numerous shocks. Elements in both establishments will vehemently resist opening up to the traditional enemy. And far too often militant activity originating from our borders, though without knowledge of authorities, has driven a spanner in the works with regard to Pak-India normalisation. So both sides will need understanding and patience to match the eagerness they betray for formal mutual advancement.