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India and Pakistan Agree to Increase Mutual Trade


India and Pakistan have announced plans to increase bilateral trade, update shipping and aviation agreements more quickly, and open banks in each other's countries. A joint statement issued after two days of official talks in New Delhi says the two South Asian rivals have agreed to hold discussions in Pakistan next month to review existing air and shipping agreements. A meeting on trade matters like non-tariff barriers is also planned. The two sides also decided to go ahead and open each other's banks in their countries, as announced by Pakistani Prime Minister Shaukat Aziz when he visited India last November. The measures follow landmark agreements Saturday to set up a telephone hotline to avoid an accidental nuclear war and to inform each other before testing ballistic missiles.
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