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Addressing NTBs in Indo Pak Trade: Implications for South Asia

Speakers at a panel discussion at fifteen sustainable development conferences, emphasize the importance of normalization of trade ties between India and Pakistan, in order to increase trade volume between the two rival neighbors. Experts, while dilating upon “Addressing Non-Tariff Barriers in Indo-Pak Trade: Implications for South Asia”, said that the volume of informal trade between the two countries is much higher than the formal trade, mainly due to the non-tariff barriers. They are of the view that lack of transparency, market imperfections and information asymmetries, on both sides, raise the transaction costs and restrict the market access to several aspiring traders in the region. Our correspondent Raja Taimur Hassan has the story…

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