Normalizing economic and commercial ties has emerged as the most pertinent issue in India and Pakistan’s bilateral relations. Initially, both countries felt that without addressing core political and strategic issues, it would not be possible to move forward on the economic and trade agenda. However, in the past decade, things have changed, and there is now an emphasis on accelerated resolution of economic issues, in acceptance of the fact that trade and commerce have very often proven to be extremely effective in establishing peace.
KeywordsBilateral Trade Land Bridge Informal Trade Nontariff Barrier Bilateral Investment Treaty
- RIS (2007) Restoring Afghanistan-Pakistan-India-Bangladesh-Myanmar (APIBM) Corridor: towards a new silk road in Asia. RIS Policy Briefs No. 30, March 2007. Available at: http://www.ris.org.in/images/RIS_images/pdf/pb30.pdf