India could soon export 2- wheelers, gold to Pak

After months of diplomatic hankering and political pressure from New Delhi, Pakistan may finally add more items to the positive list for trade with India. Top government sources said Islamabad is considering allowing imports of two-wheelers and gold from India, though a final decision will be taken by the Pakistani Cabinet.
While a positive list limits commerce by barring trade in all items except those named in the list, a negative list does the opposite — enhances commerce by allowing trade in every item except the few named in the list.

Sources told FE that last week’s Indian delegation to Pakistan, led by commerce minister Anand Sharma, pushed for expanding the positive list of 1,963 items by including items like gold, auto components and two-wheelers. India is simultaneously planning to amend its Foreign Exchange Management Act (Fema) to let Pakistani firms invest in India, which is currently prohibited due to security reasons.