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ruben.maritime

The first web2.0 spanish blog about Maritime Affairs. El primer blog web2.0 español sobre el sector marítimo.

India, Pakistan to sign protocol

DELHI 12 December – India and Pakistan will sign a revised shipping protocol on Thursday in New Delhi that will enable vessels registered in one or other country to carry third-party cargo from ports in both states. Pakistan’s port and shipping minister Babar Khan Ghauri will sign the amended shipping protocol. The protocol will restore direct shipping links between the two neighbours after a lapse of 35 years. It is expected to give an impetus to ship owning in Pakistan and help it to win a share of the 4.5M-tonnes of cargo handled each year by Indian ports. Both countries initiated moves to amend the protocol in 2003. The Indian cabinet last month approved the proposed amendments to the protocol whereas Islamabad gave its approval about eight months ago. Shipping sources consider the amendment as an important move as it will increase the volume of trade and eventually bring down shipping rates. Recently Pakistan added 200 more items to the list of imports from India, and trade sources believe that once shipping links are restored the bilateral trade volume will soar from $1.2Bn to $2Bn, besides accelerating private sector participation in the shipping sector.

 

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This entry was posted on martes, diciembre 12, 2006 at 6:54 p. m.. You can skip to the end and leave a response.

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