The meeting that was scheduled to be chaired by Prime Minister Narendra Modi on Thursday to review Pakistan’s Most Favoured Nation (MFN) status has been postponed to next week, according to an ANI report. Following the attack on Indian Army camp at Uri in Kashmir, India has been looking for various diplomatic options to isolate Islamabad, including reviewing the MFN status given to Pakistan in 1996, which Pakistan has not reciprocated YET.
According to sources, the meeting’s attendees may deliberate upon the option of dragging Pakistan to the World Trade Organisation’s (WTO) dispute settlement mechanism for not according similar status to India.
Under MFN, a WTO member country has to treat other member nation in a non-discriminatory manner.
Pakistan has missed its own deadline of December 2012 for reciprocating to the MFN status. As per the WTO rules, India can roll back the MFN status from Pakistan.
According to experts, withdrawal of the MFN status by India is likely to hurt Pakistani industries as it might stop flow of raw materials at competitive prices.
Narendra Modi has called for a meeting inviting all party leaders on Thursday at 4 PM to discuss present scenario after the surgical attack by India on terror launch pads along LoC.
Sourced from agencies, Featured image courtesy: zeenews.india.com
