India-Pakistan sign agreement to boost trade | SupportBiz

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India-Pakistan sign agreement to boost trade

 
Two trade bodies of India and Pakistan signed an agreement to boost trade and people-to-people contact between the two countries, an official said. A memorandum of understanding (MoU) between the PHD Chamber of Commerce and Industry (PHDCCI) and the Rawalpindi Chamber of Commerce and Industry was signed in Shimla, PHDCCI President Sandip Somany said in a statement.

He said that the agreement would not only help in promoting two-way trade and people-to-people contact, but also be beneficial in times to come.

"The relationship between India and Pakistan is moving forward. Business communities and the governments of both countries are making serious discussions to develop good relationships and take them forward," he added.

At present, 40 exhibitors from Pakistan are in Shimla to participate in the five-day mega mart that began on June 2. Exhibitors from Pakistan are displaying products like garments, footwear, handicrafts, dry fruits, gems and stones and kitchenware.

The Vice President of the Rawalpindi Chamber of Commerce and Industry, Iqbal Ahmed, said that such events would be contributing significantly towards bilateral relations.