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Saturday, July 16, 2011

INDO-PAK TIES: India’s economic rise presents huge opportunity for Pak: U.S.!

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PTI / The Hindu / WASHINGTON, July 16, 2011.

India’s rise offers a huge opportunity for Pakistan which is facing major economic challenges, a top U.S. official has said, advocating that Islamabad should consider improving its trade ties with its neighbour.
“India’s economic rise presents a huge opportunity for Pakistan, a bilateral breakthrough could provide a catalyst for wider regional economic integration in South and Central Asia,” Robert Hormats, Under Secretary for Economic, Energy and Agricultural Affairs, said.
Mr. Hormats said the pace of economic integration in the Asia Pacific region as a whole over the last two decades has been unprecedented and should serve as an example for other regions.
“It should, and I believe it can, be replicated in South Asia as well. Hundreds of millions of people would benefit from such increased collaboration,” he said.

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