Pakistani government has been claiming for a long time that the Indian tariff regime is high and that is why its products cannot enter in the Indian market easily. However, now World Bank has contradicted this claim by Pakistan and instead asked Pakistan to lower its import tariff so that it can adopt Unilateral Trade Liberalization Program. World Bank has called on the Pakistani Government to bring down the maximum import tariff to 20% from the current rate of 25% within a year or two. World Bank is preparing a report called “Pakistan Growth and Export Competitiveness” and in the draft report this information has been found.
In this report even it has been stated that India has a lower tariff regime than Pakistan and Pakistan should cut on import tariff so that it comes with level playing field with India. If this kind of report was published 10 years ago by World Bank then politicians and the media on both side of the border would start a blame game but now most probably they will take it as mere financial figure and focus on the financial aspect instead of trading blames.
Really, things are changing a lot in South Asia these days. Don't you agree with me?
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