India Has Potential To Triple Its Trade With South Asia, Says World Bank ndtv.com
India has the potential to more than triple its trade with its South Asian neighbours to $62 billion against its actual trade of $19 billion, said a World Bank report released in Kolkata on Monday.
"A Glass Half Full: The Promise of Regional Trade in South Asia" pointed out that intra-regional trade in South Asia falls short of its potential because of significant barriers, including tariff, para-tariff barriers, non-tariff barriers and trust deficit among the countries in the region.
Trade between India and Pakistan is a mere $2 billion — which could be $37 billion — without trade barriers, showed the report launched in partnership with Cuts International.
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