Trade between India and Pakistan pegged at USD 339.43 million in 2016-2017

Q.  Trade between India and Pakistan has reached USD 339.43 million during the first two months of 2016-2017. Exports during April May were pegged at which value?
- Published on 27 Jul 16

a. USD 278.75m
b. USD 60.68m
c. USD 178.75m
d. None of the above

ANSWER: USD 278.75m
 
Trade between India and Pakistan reached USD 339.43 million during the first two months of the 2016-2017 fiscal.
  • Exports during April-May stood at USD 278.75 million and imports were aggregated at USD 60.68 million.
  • Two countries had moved towards full trade normalisation on the basis of September 2012 roadmap till recently.
  • In September 2012, it was agreed Pakistan would remove all trade restrictions through Wagah Attari border, transition to MFN (non discriminatory) status to India by December 2012.
  • India and US have held consultations in May under the aegis of WTO dispute settlement mechanism on higher visa fee issue.

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