ISLAMABAD (AP) – Pakistan on Wednesday lifted a two-year ban on imports of sugar and cotton from nuclear-rival neighboring India, a major move aimed at reviving trade relations with New Delhi amid tension, Pakistan’s finances The minister said.
Hammad Azhar said that the decision to partially resume trade relations by allowing the import of cotton and 0.5 tonnes of sugar from India was taken at a meeting of the Economic Coordination Council.
Azhar told reporters at a press conference that Pakistan may allow import of more Indian goods in future as per the country’s needs. India is considered one of the largest producers of sugar and cotton in the region.
The minister said that Chinese imports from India would help in reducing the rising sugar prices in the country. He said that sugar in India is about 20% cheaper than sugar produced in Pakistan.
The announcement comes days after Pakistan and India exchanged peace, stating that they wanted peaceful relations with each other. Pakistan suspended trade with India in 2019, when New Delhi acquired Kashmir and special constitutional status of its state.
The disputed Himalayan region is divided between Pakistan and India, but both have claimed their entirety. Archers have fought two of their three wars against Kashmir since gaining independence from Britain in 1947.