KARACHI: A trade mission from the United Kingdomis expected in Karachiin December to start negotiations for a revision of the tenyear-old Indo-British Trade and Tariff Agreement, signed in 1939, reliable sources stated ... on Tuesday [Nov 22]. Mr Harold Wilson, President of the Board of Trade, is likely to lead the UK Trade Mission... .

It is understood that the Mission will also discuss with its counterpart the question of British investments in Pakistan and the country`s capital goods requirements from Britain. Pakistan, it is understood, is likely to ask for a greater delivery of merchandise and in return may offer more raw cotton and jute.

Thirty per cent of British exports to Pakistan are textile goods and six per cent machinery. Pakistan`s main exports to Britain are jute, cotton and tea. Britain exported to Pakistan 22,000,000 pounds sterling worth of goods in the last financial year and imported from Pakistan goods worth about 13,000,000 pounds sterling.

Britain, some time, also had asked ...

Pakistan to lay down a basis for replacement of the old agreement which has outlived its utility in the face of changed conditions. Staff correspondent