Trade between India and Pakistan can cross $9 billion in the next few years in spite of political differences, industry lobby Associated Chambers of Commerce and Industry of India (Assocham) said. If the two countries conceal political differences, the country can develop strong bilateral ties which can grow from $2 billion to $9 billion. The prospect for collaboration between India and Pakistan has sped up in the fields of banking, freight, transport, tea and rice after the launch of the South-Asian Free Trade Agreement (SAFTA) in January 2006. Bilateral trade has increased from $235.74 million in 2001 to over $1 billion in 2006-07. It said exports from India to Pakistan grew at the rate of 60 per cent and imports at 64 percent during 2002-07, though the balance of trade is still in favour of India.
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