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India, Pak. to jointly prevent patenting of Basmati rice
New Delhi, Aug. 1 (PTI): India and Pakistan today decided to jointly work for preventing any third country from patenting Basmati rice and agreed to allow two of their banks to operate across the border by the end of this year.

India will also expedite the process of import of cement from Pakistan as the two countries agreed on a slew of measures to enhance commercial ties to raise bilateral trade by five times to $10 billion by 2010.

At the two-day Commerce Secretary-level talks that concluded here, the two sides discussed a proposal to launch a truck service via Wagah border, with New Delhi suggesting launch of freight service on the Munnabao-Khokhrapar route.

Pakistan agreed to allow import of Indian tea through the rail route as New Delhi promised to address the issue of non-tariff barriers through a Task Force that will be set up.

The two countries decided they would jointly work for protection of Basmati Rice from unauthorised patenting using the Geographical Indication (GI) tool.

At the meeting between Commerce Secretary G K Pillai and his Pakistani counterpart Syed Asif Shah, Islamabad questioned New Delhi's notification to allow export of Super Basmati variety.

Pakistan claims the variety of rice has been developed by it and India has no right to export it under that brand.

"India has agreed to look into the issue," a joint statement issued after the meeting said.

"There are lot of technical and legal issues in that. We will examine and get back to Pakistan," Pillai said at a joint press conference with Shah.
MGR Archive 3.8.2007
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Region Type Price  
Russia Rapan $ 700
USA Jupiter Rice $630
USA Calrose #1 $830
USA Calrose #1 Paddy $480
EU Prices Baldo €660
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