Pakistan-India Economic Relations, Prospects for South Asian People
PAKISTAN-INDIA ECONOMIC RELATIONS. Trade is instrumental in achieving and maintaining peace and stability in relations between PK and India. The importance of trade in Pak-India peace process is essential. Economic interdependence promotes peace and mutual economic benefits preclude war between nations. Enhanced and Cordial Economic and commercial relations can play a soft and positive role in conflict resolution between the two adversaries. The normalized Pak India trade relations are of paramount importance for the Southa Asian. There are enormous economic and political benefits from unexploited trade between the two countries. Trade is certainly one of the most important pragmatic measures for fostering bilateral ties. Historical Background Since the inception of India and Pakistan as independent states, a long-term confrontation has been witnessed between two nations. For almost seven decades the region has witnessed four major armed conflicts (1948, 1965, 1971 and 1999...