Business leaders from India and Pakistan say there's new optimism about the efforts their governments are making to improve trade ties. But critics warn that overcoming decades of mistrust may not be that easy. For the first time in 35 years, a Pakistani commerce minister led a business delegation to India last week.
The article is about how India and Pakistan are hoping to trade goods directly instead of continuing to trade through third nations such as Sri Lanka and Dubai, they hope to be able to trust each other to make a good trade agreement that everyone will respect.
The World Trade Organization (WTO) is an international body whose purpose is to promote free trade by persuading countries to abolish import tariffs and other barriers. As such, it has become closely associated with globalisation.
This article is about the Botswana Bureau of Standards working on developing a new quality of standard for bottled waters (both domestically produced and foreign imports). This is a form of trade barrier as foreign exporters may have to raise their quality of bottled water to the new standard in order to export.