- If the Indian government withdraws the move, the impact will be mainly symbolic because bilateral trade between the neighbours represents a fraction – around 0.4% – of India’s overall goods trade.
- In principle, India will be free to raise tariffs on Pakistani exports, but given the relatively small size of bilateral trade – it was only 2.61 billion dollars last year – it may not have a significant impact.
- Following Modi’s big move to pull out from the SAARC summit to be hosted by Pakisten, three more countries have opted out and current leader Nepal urging a “conducive environment that will ensure the participation of all”.
- The prime minister had said that attack on an Indian army base in Kashmir’s Uri by terrorists from across the border, which claimed lives of 18 soldiers, would not go unavenged.
- “Blood and water cannot flow together,” the prime minister said in the meeting.
Sourced from agencies, Feature image courtesy: dailycapital.pk
