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India committed to trade with Pak despite Emergency

19 November, 2007

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New Delhi: Undeterred by Emergency rule in Pakistan, India on Friday said it was committed to stepping up trade with Islamabad to tap the growing business interest in each other.

India has conveyed to Pakistan about its willingness to work together on multilateral issues like seeking joint geographical indications (GI) protection for their products from patenting and cooperation in the area of gems and jewellery. Minister of State for Commerce Jairam Ramesh held discussions with the Chief Executive of Pakistan Trade Development Authority Tariq Ikram here.

Ramesh said 35,000 tons of Pakistani cement has landed on Indian shores. "There is not enough parking space for this cement and we need to work out an arrangement," he said. He said TCS has shown interest in setting up a development centre in Lahore. Indian coffee retail chain Cafe Coffee Day has already given its franchise for two stores in Karachi.

"We need to create conditions for Indian investment in Pakistan in an open and transparent manner," he said after his meeting with Ikram. On the issue of geographical indications, Ramesh said both sides can explore the possibility of joint GI for their products.

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