Not by trade alone

Pakistan’s decision to grant India the Most Favoured Nation (MFN) status may have rekindled hopes of a significant increase in bilateral trade between the two neighbouring countries. However, it will be useful to remember that according MFN status to a trading partner alone is not always a sure-fire way of boosting bilateral trade. India had given MFN status to Pakistan in 1996, which effectively meant that imports from Pakistan from that year began enjoying the same terms as those applicable to imports from its other trading partners.

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