India and Pakistan have finalized the lists of items that have to exchanged across the Line of Control (LoC) as part of the confidence-building measures by leaders of the both the countries under the larger composite dialogue. Among the items India wants to trade across the LoC with Pakistan is carpets, rugs, wall hangings, paper mache, embroidery, shawl including pashmina, tapestry, cricket bats, furniture and other wooden items, silk and silk products, kashmiri fruits, dry fruits (almonds, walnuts), Kashmiri spices, flower, Kashmiri saffron, Kashmiri wazwan, aromatic plants, medicinal plants, fruit-bearing plants and dhania, moong, rice, basmati, spices of all kind, imli , black mushroom and green tea (North). Among the items Islamabad forwarded to India to trade across the LoC is spices, apples, walnut, rice, precious stones, paper mache powder, gabbas and nawdas (carpet cloth material), furniture, marble, onion, garli c, medicinal herbs, embroidered items, pine nuts (chilgoza) and carpets.
While both the External Affairs Ministry and the Commerce Ministry is keen that the items to be traded across the LoC should be duty-free, the Finance Ministry objects to this due to revenue implications. However, a narrow legalistic view on this should not be taken, Mr Ramesh said, adding that the matter would be resolved at the highest level.
Source : www.indian-commodity.com
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