India, Pakistan, and the other members of the South Asian Association for Regional Cooperation have agreed to create a South Asian Free Trade Area (SAFTA). Reuters has more on the story.
This is part and parcel of a recent shift in Pakistan’s approach to India — at no small risk to Pervez Musharraf.
A lot of deals like this are agreed upon but never implemented — particularly among developing nations. However, given the enduring rivalry between New Delhi and Islamabad, this still counts as good news.
And we should all look forward to hearing Dennis Kucinich find some way to condemn the trade pact (posted by Daniel Drezner).
The Dish 