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Thread: MFN status for India and the Bike Industry

  1. #1
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    Lightbulb MFN status for India and the Bike Industry

    Pakistan has finally given the green signal for trade with India when it enlisted India in the MFN list for trade purposes. If I am not wrong, the MFN status means trade of all kinds which includes bikes as well.

    If it so happens, it will be a good news for the bike riders but a very bad news for the local bike manufacturers including the big names like Honda and DYL.

    What do you guys say??

    Web: http://www.bikepics.com/members/sniperr and http://wanderersbook.blogspot.com

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    If that is indeed happening then Honda and co. will really need to bring up their game......Competition is always healthy!!
    Talk to The Hand =;

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    But this bill still has to be approved by Parliament..
    Dream is not that which you see while sleeping it is something that does not let you sleep.

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    local manufacturers ki to band buj jaye gi if this bill is approved
    Life is beauty, admire it.

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    ^^You are rite but it will never..
    Dream is not that which you see while sleeping it is something that does not let you sleep.

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    not sure about biking ,, i think there is a list which allows certain goods i havent been able to see that list,, but i m sure bike related hardware is not in the list,, however pharmaceuticals are,, and i m very happy if we strart importing goods from india,,

    one of my friend worked in novartis pakistan and he told me that a cancer drug which only novartis makes in pakistan costs 8000 for 30 tabs and in india it costs 150-300 rs as there are many companies making and competition and govt regulations are strong there , unlike monopolistic behaviour like here,,
    he showed me a list of 50 most prescribed drugs and uf the cheapest prices were taken on both sides then indian drugs were alway cheaper sometimnes 80 times cheaper and normally more then 20-30 times,,

    its a long iscussion y the drugs are so expensive here but it all boils down to a single fact ,, monopoly,

    so hope at least this mfn status give us spome respite ,,

    it is important to note that india gave pakisttan mfn status in 1996 or something like that,, if i m not grossly mistaken,

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    @7th: any official link, for this information ?
    I am only responsible for what I say, not for what you understand..

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    Thumbs down

    Mere khayal main to koi ziyada farq nahi paray ga. As asjdsm bhai already mentioned that India declared Pakistan MFN since 1996. But there are many factors which involves Indo-Pak trade. First of all, local manufactures will never allow for such kind of trade (they may use the weapon of strike, bribe etc). There is a list of Ind-Pak trade items which is called "Negative List" means items in that list cannot be exchanged in between. Secondly, there is another list in Pakistan, which is called "List of Locally Manufactured Goods" which didn't allow to import such items which is already manufactured in the country, or on a very high duty, taxes etc. and also many others procedures, govet can set, that a trader cannot compliance with them (in other words, no trade). So brothers, i am not very hopeful in that way, you are thinking about!!!

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    im not against giving MFN status to india but a lot of homework needs to be done which unfortunately has not even been started yet.
    our government makes decision in haste and then backs off and so will be the case here,there are a number of hurdles in this case also which apparently looks quite simpler
    1.we first need to put our house in order before allowing huge indian companies to enter our markets
    2.a level playing field should be provided to our national industries so that they can compete with the indian companies which would be dumping product on a low cost competition and in no time one after the other our industies will start going to the shutdown point.(This is what happened in brazil ,casestudy on Pharmaceutical companies)
    3.Our textile industry will obviously benefit then others , sharing know how , expertise and skills
    4.our automobile and motorcyle sector will face enormous challenges and soon one after the other the units will shutdown and the MCNs such as suzuki , honda, yamaha will consolidate themselves and stop manufacturing here due to high cost of doing business , cost of production and will instead start delivering bikes from india to pakistan.Now this is not so simple either.
    lets look it in detail , once indian bikes will enter here , our national level companies such as star , hero , unique wont be able to compete with the indian technology , design etc along with the cost so the going concern thing will end here for them.MCNs will start consolidationg themselves as it wont be profitable for them to manufacture here in pakistan when they can manufacture in india with less cost of production.so at first the indian bikes will be introduced with cheaper rates so that our industy cannot compete with it and once there wont be any company to compete with them and then the prices will come back to their original place.
    well have R15 here with a price tag of more then 150k
    Pulsar dtsi 220 here with a price tag of more then 170k
    buy it or leave it , there wont be any gs150 or honda cg 125 to cheer us up then :p
    The Rules R Simple ....... U Break Them - U Die

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    asjdsm
    buddi u are miss informed , medicans in pakistan are much cheaper then in india , ill tell u why , here we have a regulatory authority , prices cannot be increased by the companies themselves where as in india there is no regulatory authority and the comapnies can raise prices due to which their profitability increases and they have expanded enormously , now in pakistan case due to price regulations our pharma industries were not able to expand as they would have had like in india , u simple pointed out a single medican , wat abt other hundred medican that are far too cheaper in pakistan.
    The Rules R Simple ....... U Break Them - U Die

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    Quote Originally Posted by booster View Post
    asjdsm
    buddi u are miss informed , medicans in pakistan are much cheaper then in india , ill tell u why , here we have a regulatory authority , prices cannot be increased by the companies themselves where as in india there is no regulatory authority and the comapnies can raise prices due to which their profitability increases and they have expanded enormously , now in pakistan case due to price regulations our pharma industries were not able to expand as they would have had like in india , u simple pointed out a single medican , wat abt other hundred medican that are far too cheaper in pakistan.
    ground realities do no support that,,

    i m not a medical man but my friends who r say clearly this with sources,,
    some may be cheaper by a small mnargin but majority are damn expensve as opposed to indian generics brands,,

    or just list names of molecules i will get the price list of both the countries,,

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    Quote Originally Posted by booster View Post
    asjdsm
    buddi u are miss informed , medicans in pakistan are much cheaper then in india , ill tell u why , here we have a regulatory authority , prices cannot be increased by the companies themselves where as in india there is no regulatory authority and the comapnies can raise prices due to which their profitability increases and they have expanded enormously , now in pakistan case due to price regulations our pharma industries were not able to expand as they would have had like in india , u simple pointed out a single medican , wat abt other hundred medican that are far too cheaper in pakistan.
    In what world world are you living buddy???? do you think that Indian government is dumb enough not to regulate prices of medicine in India... there is always a price ceiling that is regulated by the government of every country... otherwise prices would go insanely high and as far as i know, Indian government is far more active in regulating prices of basic commodoties inc medicines.

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    asjdsm
    if u can get hold of the molecules list ull get my point
    The Rules R Simple ....... U Break Them - U Die

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    @r1, KamranAslam

    I read the news in Daily The Tribune two days ago, also located its online link just now. According to this link the cabinet has already approved the MFN status for India:

    READ
    Web: http://www.bikepics.com/members/sniperr and http://wanderersbook.blogspot.com

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    i could not get that list but s an example i m posting just one molecule,, its used in cancer,,

    these are pakistani prices
    AROMEK GALAXY PHARMA (PVT) LTD. 30s 6000.00
    AROMEK GALAXY PHARMA (PVT) LTD. 10s 2000.00
    LETARA NAVEGAL LABORATORIES 10s 1700.00
    LETARA A. J. MIRZA PHARMA (PVT) LTD 10s 1700.00
    LEZRA EXCEL HEALTHCARE LABORATORIES (PVT.) LTD. 30s 4800.00
    LOSIRAL CONSOLIDATED CHEMICAL LABORATORIES (PVT) LTD. 10s 6000.00

    these are indian
    Oncolet 10 50.00 Biochem Pharmaceutical
    Letoval 5 169.00 Sun Pharmaceuticals
    Momazol 10 240.00 Khandelwal Laboratories
    Letzol 3 x 10 750.00 VHB Life Sciences
    Lets 3 x 10 870.00 Samarth Pharma
    Femara 3 x 10 5445.00 Novartis

    cheapest is highlighted in both the countries in pakistan 10 tabs cost 1600 PKR whareas cheapest indiamn costs 59 INR = 84 PKR

    another molecules pakistani price
    STRATTERA [Atomoxetine HCl:18mg] Caps 28s 5500.00

    indian price
    ATTENTROL 10 83.00 Sun Pharmaceuticals (Milmet Divison)
    here again 10 tablets in pakistan 1964 PKR , in india 83 INR


    just two random mlecules,, u can imagine the rest of story,,

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    fools are those who try to match indian economy with Pakistan economy. they have big economy. no comparison. the more we expose more we get dent in our economy. they have cheap labour they can manage. we have to make thing ok inhouse rather then giving them chance to penetrate.
    get every thing cheap should not be every thing. first our pride then local industry.

    now dont say that we cant make changes inhouse to better to have indian cheap, sub standard things.

    dont go for looks. from pictures and from advertisement dont get fooled.

    just watching the thread of Qingqi coming with 150cc. the official pic looks very attractive where as the picture uploaded by members, its really looks B.S.

    though dont know about most of us but for me two things

    1) Pride

    2) having every thing in the market should not be target

    3) Save and grow our local industry

    4) Avoid B. S from india as they were, nor now and will not be friends of us.

    5) Go for quality rather then having every thing in the bucket and resultanty have to buy such every next year. thats why i like the policy of Europe regarding producing the product for them quality is first priority, though they have now also compromised due to China maal but we all should raise our standards. yes its difficult as have low purchasing power but its all in our hand. Quality or quantity.

    6) today the fight is not from weapons its from economically. so in the end their products will be more in the Paksitan rather then our in their country and they will get more profit from us and directly and indirectly we would be helping them.

    7) no need to compare our economy with india's. different ground fields and different realities.
    Fish only feels tasty when you catch it by your own and journey is only adventurous when you do it in a tough condition.

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    ^^Agree
    Dream is not that which you see while sleeping it is something that does not let you sleep.

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    ISLAMABAD - Even though Pakistan has shown commitment to grant the Most Favoured Nation (MFN) status to India, the trade between the two neighbouring countries is still likely to be regulated through a larger negative list until the non-tariff barriers (NTB) are removed by New Delhi to allow unhindered access to Pakistani products.
    Commerce Secretary Zafar Mehmood will be visiting India on a two-day visit on November 14-15 to hold parleys on the bilateral trade issues with his Indian counterpart, to work out modalities and roadmap for trade liberalisation and removing non-tariff barriers. Talking to Pakistan Today, Zafar Mehmood said India would have to dismantle all NTBs to Pakistan’s satisfaction to get the MFN status. He said MFN did not mean any sort of preferential arrangement, rather it created a conducive environment for trading partners so that they could be able to do business. On the negative list, he said the government was ready to put more items on the list, provided the relevant manufacturers gave proper reasoning for putting it in the negative list. He said Indian goods would not be allowed to reach Afghanistan even after the grant of MFN status to New Delhi. The status of sensitive list under South Asian Free Trade Agreement (SAFTA) would remain the same, as import of 233 items would not be allowed from India. An official source said Pakistan would be maintaining a larger negative list for trade with India until the NTBs were not removed. Most of the products to be safeguarded would be from the steel, automobile and pharmaceutical sectors, which are less competitive than Indian products. Pakistani textiles products could create a niche in India provided NTBs were removed. India had granted MFN status to Pakistan in 1996, but due to NTBs, Pakistani goods could not make inroads into Indian markets.
    Pakistan trades with India under positive list which includes 1,946 items, while India disallows export of 850 items to Pakistan. The bilateral trade between both countries is $2.6 billion, which is planned to be enhanced to over $6 billion in next three years. The trade negotiations between the two countries were revived in April this year after a gap of four years with the commerce secretary-level talks, in which both countries softened down their traditional stance. Commerce Minister Makhdoom Amin Fahim and Foreign Minister Hina Rabbani Khar had said during their visit to India that Pakistan has no objection to granting MFN status to India. A positive gesture was shown by New Delhi during the visit of the Pakistani commerce minister in September, when it assured support to Pakistan for getting approval from the World Trade Organisation for getting concessional access to European markets.

    This is complete rubbish. I mean if they can't compete let indian companies come in and have a healthy competition than.

    Source: Pakistan to have a larger negative list if NTBs not removed by India | Pakistan Today | Latest news, Breaking news, Pakistan News, World news, business, sport and multimedia

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    Well, that only means no scene of getting Indian bikes here
    Web: http://www.bikepics.com/members/sniperr and http://wanderersbook.blogspot.com

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