Benefits of MFN status | Pakistan Today

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.

Babar Nizami

The writer is Chief Operating Officer, Pakistan Today. He tweets at @bnizami.

Related posts