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A Passage to India-Pakistan Peace

Wall Street Journal Original article ›
LyrArc Article Gist
Michael Boskin, the elder president Bush's chairman of the Council of Economc Advisors was instrumental in setting up the North American Free Trade Agreement (NAFTA). Here he points to the dire need to open up trade between India and Pakistan. Trade today between the two countries is $2.7 billion. Under trade models Boskin says the trade could be 20 times larger, about $50 billion. This would increase benefits and wages in both countries and is badly needed and long overdue.

Michael Boskin on the pressing need for a free trade agreement between India and Pakistan

01/06/2008

Boskin says trade models suggest that with normal trade under a free trade agreement India and Pakistan's trade would grow from $2.7 billion today to $50 billion, and be 20 times larger. India-Pakistan trade is smaller today than trade between India and Sri Lanka. Boskin was head of the elder U.S. president Bush's Council of Economic Advisors and instrumental in setting up the North American Free Trade Agreement (NAFTA).

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