Track-II Commerce

Track-II Commerce
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Current official trade: $200-250 million*

Potential trade in conducive environment: $3-4 billion

Trade under SAFTA: $5 billion (expected by 2006)

*Average annual figure per year during the period from 2000-01 to 2002-03

Third country trade: $1 billion

Contraband trade: $1-2 billion

Loss of government revenue due to loss of customs duties(at 20 per cent): $0.20-$0.40 billion

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