Tuesday, February 19, 2019

"WITHDRAWAL OF MFN STATUS" (LYU000132)

"WITHDRAWAL OF MFN STATUS"




As every Indian is in profound grief and moaning for the casualties of 40 CRPF Personnel who lose their lives due to heinous terror attack at Pulwama district in Jammu & Kashmir. In the wake of this attack, India has revoked Pakistan's most favoured status, which will affect the trade between the two nations.

Most favoured nation status is the clause under the world trade organization's (WTO) General Agreement on Tariffs & Trade (GATT). This allows the free flow of trade between the two countries. MNF is the agreement which says that the benefits and the restrictions imposed on a country will be imposed on other WTO countries. This is meant for equal treatment for trade among the countries.
In 1996, this status was given to Pakistan but Pakistan did not reciprocate it to India. Now, this withdrawal step will impose high duties on the imported goods from Pakistan this will affect the export of it.

Currently, the total trade between IND-PAK is $2billion. Pakistan imports cotton and chemicals in a heavy amount from India. Now, These industries in Pakistan will be affected by the shortage of these goods. This is a great step taken by our government. This is necessary to remove all the concessions given to Pakistan to learn them a lesson, That India gives back everything and these demises of our brave soldiers will be forgotten. this is must - "Never forget and never forgive". 
PROUD TO BE AN INDIAN- JAI HIND JAI BHARAT.




Written By

Reactions:

0 comments:

Post a Comment