Benefits of MFN status


This is with regards to the feature, ‘MFN, a promising dream’, published yesterday. The title itself is a misnomer today, keeping in mind the fact that once, back in 1996, India had also blessed Pakistan with a similar title and since then, it has remained a subject of immense debate. There are a number of trade experts and economists that have spoken in favour of the grant of MFN status to India; negating the notions that domestic industry would suffer on several grounds as a result. As a general rule, the clauses laid down in the agreement clearly promote non-discrimination among both the countries and aim to uphold the true spirit of free trade. Therefore, MFN status to India would bring greater benefits to Pakistan.