India to review MFN status given to Pakistan today

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Updated: September 29, 2016 10:37:49 AM

India will review the Most Favoured Nation (MFN) status given to Pakistan at a meeting called by Prime Minister Narendra Modi today.

The decision comes in the wake of the Uri attack. According to ANI, officials from external affairs and commerce ministry will attend the meeting. The decision comes in the wake of the Uri attack. According to ANI, officials from external affairs and commerce ministry will attend the meeting.

India will review the Most Favoured Nation (MFN) status given to Pakistan at a meeting called by Prime Minister Narendra Modi today. The decision comes in the wake of the Uri attack. According to ANI, officials from external affairs and commerce ministry will attend the meeting. Prime Minister Narendra Modi told top officials, who had gathered Monday to review the implementation of the 56-year-old Indus Waters Treaty, that “rakt aur paani ek saath nahin beh sakta” (blood and water cannot flow together). He chaired the meeting amidst heightened tension between the two countries. National Security Advisor Ajit Doval, Foreign Secretary S Jaishankar, the Water Resources Secretary, and senior PMO officials were present at the meeting.

Moving to mount pressure, the government decided that the meeting of the Indus water commissioners of the two countries can “only take place in an atmosphere free from terror”. This means that the meetings of the commissioners, held twice a year, stand suspended with immediate effect. Since 1960, the water commissioners have met 112 times. The government also decided to “move expeditiously” on the three power projects on the Chenab river — Pakaldul which is under construction, and Sawalkot and Bursar which are in advanced stages of planning.

ALSO READ: Indus Waters Treaty abrogation an ‘awful’ idea; won’t solve terror problem

The MFN status was accorded in 1996 under WTO’s General Agreement on Tariffs and Trade (GATT).

Both India and Pakistan are signatories to this which mean they have to treat each other and rest of WTO member countries as favored trading partners.

 

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