India, Pakistan Rivalry Costs $35 Billion Worth Of Annual Trade, Says World Bank hindustantimes.com
India and Pakistan’s bitter rivalry is costing them $35 billion worth of annual trade, the World Bank said in a report.
Someone might want to tell the two countries’ leaders — both of whom want to boost trade to battle widespread poverty. The World Bank called for South Asia, the world’s least economically-integrated region, to start cooperating instead of feuding. Trade between India and Pakistan, the region’s two largest economies, could jump to $37 billion from $2 billion if New Delhi and Islamabad tore down artificial barriers, last week’s report found.
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