The clouds of hatred and acrimony, hovering over South Asia and its surroundings for decades, have started fading, thereby ushering in an era of normalization of relations among once arch-rivals.

The emerging development reveals new horizon for the inhabitants of this most populated part of the globe, comprising China, India and Pakistan.

With unprecedented thaw in relations and subsequent rising interaction among business communities of both countries, mutual cooperation is already picking up momentum in the field of commerce and trade.

The exchange of business delegations and increasing bilateral trade between India and Pakistan is a clear sign of thriving relations, though there is still a lot to be done in this regard.

One of the outcomes of normalization process was 1st International Hand-Knotted Carpet Exhibition which was held in Lahore from August 29, September, 1, 2004. Leading regional carpet manufacturing countries including China, India, Nepal and Pakistan have participated in this mega event which has been described as a rare business opportunity. It is worth mentioning here that Pakistan, China, India and Nepal collectively hold a major chunk of global hand-woven carpet market.

The display of eye-catching patterns at exhibition held in the sprawling halls of old Lahore International Airport, was a true reflection of both oriental and modern designs.

The exhibition proved to be a special occasion for the carpet manufacturers and exporters. Pakistani businessmen as well as their South and South East Asian neighbours displayed their products in a conducive environment.

This is the first effort to produce an international exhibition focusing on the four major carpet producing countries. The show has also proved an exceptional opportunity for nearly 200 buyers, who came from North America, European Union, Asia, Africa and Australia. About local participation, around 90 stalls were allocated to local carpet manufacturers and exporters at the show.

There is need to harness such collaborative efforts for fostering trade ties among Pakistan, India and China as purpose of such interactions is to remove roadblocks to trade ties among countries and enhance cooperation for mutual benefits.

The visiting delegations received very encouraging response and a strong desire was witnessed from the Indian and Chinese side to develop enduring trade relations with Pakistani business community. We must understand that there are certain areas where Pakistan can benefit from China and India.