Pakistan and India to Enhance Economic Ties - 2004-11-23

Pakistan and India have agreed to set up a joint group to study ways of enhancing trade and economic cooperation between the two neighbors.

The agreement came during talks between Pakistani Commerce Minister Humayun Akhtar Khan and his visiting counterpart, Kamal Nath.

Mr. Khan said the joint study group would be set up "very quickly" to look at all aspects of the economic relationship between the two countries.

Mr. Nath also met with Pakistani President Pervez Musharraf who also expressed hope for enhanced trade.

The Indian minister said although the annual foreign trade of the two countries with other nations totals 200 billion dollars, trade between them amounts to only 300 million dollars.

International experts say the volume of unofficial border trade between India and Pakistan is much higher.