After a terrorist attack on CRPF's convoy. WhiCh cost 40+ soldiersl life
Indian government Minister of Corporate Arun Jaitley with Minister of Defence Nirmala Sitharaman on his left side declare that they are going to withdraw the Most Favoured Nation (MFN) status from Pakistan. But what is MFN and What is the significance of India withdrawing MFN from Pakistan.
What is Most Favoured Nation (MFN) status-
According to World Trade Organisation(WTO)'s official website MEN is
"treating other people equally" countries cannot normally discriminate between their trading partners. Grant someone a special favour (such as a lower customs duty rate for one of their products) and you have to do the same for all other WTO members.
After the formation of WTO on 1st January 1995. India gives Pakistan MFN status in 1996.
But here is a problem WTO is largely criticize for not being able to force it's member countries to follow the guidelines.
As Pakistan should give us MFN as well. Which it never did.
What is the significance of India withdrawing MFN from Pakistan-
After losing 40+ brave men. India has to take some hard actions. But as we see in previous years that Pakistan will not going to stop it's anti India movements until India take solid steps.Uri is the best example.After Uri attack India launched a massive surgical Strike against Pakistan. But didn't take much action on diplomatic level resulting Pakistan escape from permanent damage. But this time with this level of loss, India will not going to do that mistake again. I think India wanted to collect as much international support as possible and simultaneously take military action against Pakistan. Killing terrorist and with international support on its side India wants to create as much pressure as possible on Pakistan and also on China who helping Pakistani terrorists.
Second thing that I wanted to talk about is that this is true that India gave Pakistan MFN status in 1996 and did not withdraw it until now because India want that Pakistan will depend on Indian import as it is most profitable business with this India can force Pakistan to do what India say. And it did happen but India didn't know that Pakistan didn't care about it's economy and can do anything to harm India. This is the enemy India dealing with that let it's people suffer.
Good bay jai hind.
Indian government Minister of Corporate Arun Jaitley with Minister of Defence Nirmala Sitharaman on his left side declare that they are going to withdraw the Most Favoured Nation (MFN) status from Pakistan. But what is MFN and What is the significance of India withdrawing MFN from Pakistan.
What is Most Favoured Nation (MFN) status-
According to World Trade Organisation(WTO)'s official website MEN is
"treating other people equally" countries cannot normally discriminate between their trading partners. Grant someone a special favour (such as a lower customs duty rate for one of their products) and you have to do the same for all other WTO members.
After the formation of WTO on 1st January 1995. India gives Pakistan MFN status in 1996.
But here is a problem WTO is largely criticize for not being able to force it's member countries to follow the guidelines.
As Pakistan should give us MFN as well. Which it never did.
What is the significance of India withdrawing MFN from Pakistan-
After losing 40+ brave men. India has to take some hard actions. But as we see in previous years that Pakistan will not going to stop it's anti India movements until India take solid steps.Uri is the best example.After Uri attack India launched a massive surgical Strike against Pakistan. But didn't take much action on diplomatic level resulting Pakistan escape from permanent damage. But this time with this level of loss, India will not going to do that mistake again. I think India wanted to collect as much international support as possible and simultaneously take military action against Pakistan. Killing terrorist and with international support on its side India wants to create as much pressure as possible on Pakistan and also on China who helping Pakistani terrorists.
Second thing that I wanted to talk about is that this is true that India gave Pakistan MFN status in 1996 and did not withdraw it until now because India want that Pakistan will depend on Indian import as it is most profitable business with this India can force Pakistan to do what India say. And it did happen but India didn't know that Pakistan didn't care about it's economy and can do anything to harm India. This is the enemy India dealing with that let it's people suffer.
Good bay jai hind.