Indian government withdrawals most favourite nation tag from Pakistan, read this post.

Dear all,

As, we know after Pulwama attack everybody is angry and wants to take revenge on what happen to Pulwama as our 42 army person died in a bomb blast.

credit: third party image reference

After that Our cabinet minister of ministry of finance mr. Arun jetley announced that government is taking every diplomatic steps to teach our neighbouring country lesson and this is only just starting.

credit: third party image reference

So, for understanding this we have to know that what is MWF?

credit: third party image reference

We know there is a organisation name World trade organisation (WTO) Which enables non discriminatory trade practices between the countries but in the MFN concept particular countries which is having good relation has been given some discount in custom duty.

For eg:- in case what WTO says assume India and USA trade, USA is paying custom duty to be rs 20 for a particular item and WTO says that this amount is same to all countries but in MFN concept assume India and Pakistan trading than according to this agreement the India has fixed some realisation which is mentioned on the agreement.

Now, India has taken that tag from Pakistan and allowed 200% more tax on imported items that means India is trying to impact its neighbouring country Pakistan every where.

Thanks for reading this...