India signed DTCs with Lithuania and Colombia in 2011, under which it provided a withholding tax of 5 per cent to both countries
The Covid-19 pandemic offers an opportunity to normalise trade between the two countries, since both are searching for ways to restore livelihoods that have been destroyed by lockdowns
The plan would not apply to tariffs on Chinese and European goods subject to Section 301 tariffs or to steel and aluminum subject to Section 232 tariffs
India has already granted this status to all WTO members including Pakistan
India accorded the status of MFN to Pakistan in 1996
PM Modi has called a meeting of Commerce and External Affairs Ministries to discuss ways to counter Pakistan through an economic offencive
PM Narendra Modi is to hold a review meeting on MFN status to Pakistan on Thursday, according to sources
It is expected that officials from the Ministry of External Affairs and Commerce Ministry would attend the meeting