PAKISTAN: Mill execs get special visa facility from India
The Indian government has agreed to a special visa facility for top executives at member companies of the All Pakistan Textile Mills Association (APTMA) as part of efforts to build trade between the two counties.
The one-year triple entry visas will allow the CEOs and directors of APTMA members to visit ten cities.
APTMA represents 400 textile plants in Pakistan, which between them account for around 30% of the country's exports.
Pakistan and India are cotton-rich countries, with some 30% of world cotton production, and have a combined population of more than 1bn. But official trade between them stands at just US$2.7bn.
Pakistan's commerce ministry hopes this will rise to US$7bn in two years, after trade has been opened up.
The two neighbouring countries are working to remove trade and investment barriers by the end of 2012.
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