New Delhi, Feb. 23
THE Indo-Pak Joint Study Group (JSG) on Trade and Economic Cooperation has constituted two sub-groups on Customs cooperation, trade facilitation and non-tariff barriers.
A joint statement issued here and in Islamabad said that the terms of reference for the sub-groups were mutually agreed upon during the first meeting of the JSG that ended today.
During the two-day meeting, the two sides identified issues relating to bilateral trade and deliberated upon the future roadmap to enhance trade and economic cooperation.
The recommendations of the JSG will be submitted to the respective governments for consideration under the framework of composite dialogue.
While the Commerce Secretary, Mr S. N. Menon, led the Indian delegation, Mr Tasneem Noorani, Commerce Secretary of Pakistan, led the Pakistani delegation.
Bilateral trade during the current fiscal is estimated to touch $500 million (Rs 2,150 crore) from $340 million (Rs 1,460 crore) in 2003-04.