30 May 2013

Allow access to Pakistan's gold jewellery market ?

GANDHINAGAR: India should take steps to ensure a direct access to Pakistan's gold jewellery markets to compensate for its export deficit to European countries. This has been recommended by a Federation of Indian Exports Organizations (FIEO) set up by the Union commerce ministry in its recent report on "Export Competitiveness of Gujarat-Vision 2020".
The report, while dealing with diamond, gems and jewellery sector of Gujarat, states, "As it is in negative list, direct access is not allowed, the precious yellow metal is being routed through third country including Sri Lanka, United Arab Emirates and other Asian countries. Direct access to Pakistan's jewellery markets will partly compensate the export deficit to European countries which has declined significantly due to ongoing economic crisis in the euro zone region."..
source: http://articles.timesofindia.indiatimes.com/
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