Pakistan will face difficulty in exporting products if India scraps MFN status: P R Chakravarty

P R Chakravarty, former consul general of India in Karachi on Tuesday said if New Delhi scraps the 'Most Favoured Nation' status to Islamabad, it won't affect India whereas Pakistan would have problems in exporting their products.

"This meeting on the MFN status is context with what happened in Uri and what the options are available for India in terms of taking action against Pakistan. So, MFN is one of them because we gave MFN status to Pakistan in 1996 and they have not yet given it to us," Chakravarty told ANI

"If we scrap the MFN, which is part of our obligation under the WTO, it will affect Pakistani exports to India because then India would be able to apply higher tariffs than what we do for other countries. For India even if India-Pakistan trade goes down a bit it makes no difference. Pakistan will have problems in exporting their products," he added.

Prime Minister Narendra Modi will chair a meeting with top officials on Thursday to decide whether to withdraw "Most Favoured Nation" status for Pakistan. It is expected that officials from the Ministry of External Affairs and Commerce Ministry would attend the meeting.

Reports are rife that India is considering withdrawal of the Most Favoured Nation (MFN) status to Pakistan in the wake of the Uri terror attack.

The decision comes a day after India reviewed the Indus Waters Treaty with Pakistan.

It is expected that officials from the Ministry of External Affairs and Commerce Ministry would attend the meeting.

Reports are rife that India is considering withdrawal of the Most Favoured Nation (MFN) status to Pakistan in the wake of the Uri terror attack.