Explained: MFN status to Pakistan revoked.

Описание: The decision by India to withdraw MFN status to Pakistan is intended to isolate Pakistan diplomatically and squeeze the country’s industry. Even though the low volumes of trade limit the impact that such a step can have, the stoppage of input materials such as chemicals and cotton from India will push up costs of production for the relevant Pakistani industries. It would also give a push to the illegal trade between the two countries, which takes place through border gaps and via third countries. It could also give a handle to extremist elements in Pakistan to scale up the rhetoric against India.

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