In a rare show of goodwill, Pakistan’s cabinet has voted to normalize trade relations with India, a key step in patching up the neighboring nations’ fraught relationship. Pakistan will grant “Most Favored Nation” status to India, meaning that the countries can trade on equal terms and eschew high tariffs. India accorded the same status to Pakistan almost 20 years ago, but Pakistan didn’t return the favor until now. The dueling neighbors have engaged in three wars since 1947, and their relationship was made even frostier when Pakistani militants pulled off a terror attack in Mumbai in 2008.
Read it at Associated Press
November 2, 2011 9:55 AM