News Paper: Business Recorder
SIALKOT (July 21 2010): President Sialkot Chamber of Commerce and Industry (SCCI) Mohammad Ishaq Butt in a press statement has said that signing of Afghan-Pakistan Transit Trade Agreement (APTTA) is a destructive blow for the local industry. Spearheaded by the United States, the two countries have signed an agreement allowing Afghanistan-India trade through land route he said.
The SCCI President further said that allowing the land transit facility to India will be detrimental to the Pakistan industry because it would create multiple problems for the local products. He said that it would lead to unauthorised trade, to handicap the local industry and to create other serious issues due to smuggle of goods. He said that the agreement has been signed on the great pressure of the USA, without keeping in view the interest of the local industry.
India would take great advantage of this agreement to dump its goods in Pakistan and supplying to the Central Asian States. The government should keep in view pros and cons of such decisions, which cannot be termed as right or friendly to the country, he said. He stressed upon the parliamentarians to reject this agreement and ensure that it is not approved by the cabinet otherwise industry of Pakistan would be ruined.
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The SCCI President further said that allowing the land transit facility to India will be detrimental to the Pakistan industry because it would create multiple problems for the local products. He said that it would lead to unauthorised trade, to handicap the local industry and to create other serious issues due to smuggle of goods. He said that the agreement has been signed on the great pressure of the USA, without keeping in view the interest of the local industry.
India would take great advantage of this agreement to dump its goods in Pakistan and supplying to the Central Asian States. The government should keep in view pros and cons of such decisions, which cannot be termed as right or friendly to the country, he said. He stressed upon the parliamentarians to reject this agreement and ensure that it is not approved by the cabinet otherwise industry of Pakistan would be ruined.
-www.brecorder.com
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