Revisiting India Pakistan Cross-LoC Trade

Duty-free barter trade across the Line of Control from two points in Jammu and Kashmir has grown since its initiation as a confidence building measure in 2008. Despite growing volumes, traders face several logistical and policy hurdles that mean risky returns on trade and high transaction costs. The...

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Bibliographic Details
Published inEconomic and political weekly Vol. 50; no. 6; pp. 21 - 23
Main Authors TANEJA, NISHA, BIMAL, SAMRIDHI
Format Journal Article Magazine Article
LanguageEnglish
Published Mumbai Sameeksha Trust 07.02.2015
Athena Information Solutions Pvt. Ltd
Subjects
COMMENTARY
Costs
Free trade
International trade
Trends
Pakistan
India
Kashmir
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Summary:Duty-free barter trade across the Line of Control from two points in Jammu and Kashmir has grown since its initiation as a confidence building measure in 2008. Despite growing volumes, traders face several logistical and policy hurdles that mean risky returns on trade and high transaction costs. The governments of India and Pakistan must formalise trade between the two parts of Kashmir to reduce transaction costs, uncertainties of barter trade, and trade distortions caused by duty-free trade to overall India-Pakistan trade.
Bibliography:content type line 24
ObjectType-News-1
SourceType-Magazines-1
ISSN:0012-9976
2349-8846