Pakistan and India are considering serious trading and thinking to open trade routes and this is very positive step toward better economy of two nations.
There are many people in Pakistan who are talking negatively about Trade talks between Pakistan and India because they have monopolistic businesses in Pakistani market and they don’t want to loss there position. They can use other forces to create controversy about India Pakistan trade relations such as Kashmir issue to disrupt the whole India Pakistan Friendship process.
Here are some of benefits that we can get from india Pakistan free trade relationships:
1- Cheap Cars and Bikes.
Pakistan Car Market have very less competition and consumers have few options when buying a new car. A poor Suzuki Mehran costs Approx Rs500,000 in Pakistan. Imagine better cars at low prices. Same is the case with bikes. Indian bike industry is really advanced whereas we have only one option of buying good bike which is Honda.
2- Open Market
Pakistan Consumer will have more choices and more products available in the market. Businesses will face competition from new players and they have to reduce there profit margins and have to increase there efficiency.
3- New Markets for Pakistani businesses
Many business will avail this opportunity and will find new buyers of there products in India. There are many industries where Pakistan have advantage over the India and they will be able to expand there business in India.
Final Thoughts
These are some of the ideas that I think, could be beneficial for both nations but there is long way to go for both nation to establish trusted trade relations. Pakistan India Trade could be increased from $1.4 B to $144B if both governments act seriously and create a strong framework for Free Trade.
