ISLAMABAD: The Federal Cabinet on Wednesday approved a roadmap to normalize trade with India by gradually eliminating the list containing 1209 negative items till December 31.

Briefing media persons after the 105th Federal Cabinet meeting chaired by Prime Minister Syed Yusuf Raza Gilani, Minister for Information and Broadcasting Dr Firdous Ashiq Awan said the government would protect the interests of the local industry.

The cabinet decided in principle to phase out the negative list between the two countries by December 31, 2012, which will complete the trade normalization process, the minister said. Read more