World Ministry of External Affairs
India-Pakistan trade embargo lifted 7 December 1974, seven commodities allowed
This protocol between India and Pakistan agrees to lift the trade embargo effective 7 December 1974 and resume commercial relations based on mutual benefit and most-favoured-nation treatment.
Who it concerns: The Government of India and the Government of the Islamic Republic of Pakistan, specifically involving their Commerce Secretaries, Government Controlled Trade Corporations, and sectors including cotton, engineering goods, jute, iron ore, railway equipment, rice, and tea.
What was agreed
- Lift trade embargo with effect from 7 December 1974
- Trade conducted on free convertible currency basis
- Most-favoured-nation treatment in accordance with GATT provisions
- Initial trade conducted on Government-to-Government basis or through Government Controlled Trade Corporations
- Immediate trade possibilities noted for cotton, engineering goods, jute manufactures, iron ore, railway equipment, rice, and tea
- Experts to meet in December 1974 to restore direct shipping services
- Discussions to be arranged for restoration of rail links
- A Trade Agreement to be concluded with an Indian delegation visiting Pakistan in the first week of January 1975
Also in the document
- Specific list of seven commodities identified for immediate trade commencement
- Commitment to restore direct shipping services and rail links to facilitate trade
How this was written
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The original document
Ministry of External Affairs — bilateral & trade documents
Agreement · Ref. 6082 · 30 Nov 1974
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