Business & Economy
India wants MFN status before signing gas pipeline deal
What is India News Service, Thursday, 25 November 2004, 1700 hrs IST
India on Wednesday urged Pakistan to grant it Most Favoured Nation (MFN) status for moving ahead on the proposed $4.16 billion Iran-India gas pipeline project.
The Iran-India gas pipeline passing through Pakistan will have to be considered as a part of wider economic and trade cooperation between New Delhi and Islamabad and “the project cannot be looked at in isolation,” Petroleum Minister Mani Shankar Aiyar told reporters after a 45-minute meeting with visiting Pakistani Prime Minister Shaukat Aziz.
Aiyar said the wide economic and trade cooperation included Pakistan granting India MFN status and allowing India to use its territory as transit for sourcing gas from Central Asia. Pakistani Foreign Secretary Riyaz Khokkar said the Iran-India gas pipeline passing through Pakistan was “a major confidence building measure (CBM) not just for the two countries, but for the whole region, including Iran".
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