Pakistan allows Afghanistan to send goods to India using the Wagah border from July 15. The decision, which is part of Islamabad’s commitment under Pakistan-Afghanistan Transit Trade Agreement, is expected to boost Afghanistan’s exports to India.
Daily Current Affairs Quiz 2020
Key-Points
The Afghanistan–Pakistan Transit Trade Agreement (also known as APTTA) is a bilateral trade agreement signed in 2010 by Pakistan and Afghanistan that calls for greater facilitation in the movement of goods amongst the two countries.
The 2010 APTTA allows for both countries to use each other’s airports, railways, roads, and ports for transit trade along designated transit corridors.
The 2010 agreement supersedes the 1965 Afghanistan Transit Trade Agreement, which granted Afghanistan the right to import duty-free goods through Pakistani seaports.
India-Afghanistan trade is expected to grow because of the Pakistani move though India-Pakistan trade remains stunted.
India had cancelled the Most Favoured Nation status for Pakistan in the aftermath of the Pulwama attack in February 2019.
A statement issued by the Confederation of International Chambers of Commerce and Industry from Amritsar said orders have already been placed for pomegranates and other Afghan fruits and dry fruits and the supplies are expected to continue till the festive season in India.
