ISLAMABAD - The two-day seventh round of commerce secretary-level talks between Pakistan and India on economic and commercial cooperation began in Islamabad on Thursday wherein both sides discussed how to remove the hurdles in promoting the bilateral trade.Commerce Secretary Muneer Qureshi represented the Pakistani side in holding talks with his Indian counterpart SR Rao.According to officials, the meeting discussed several trade issues, including opening of bank branches in both the countries and developments made in phasing out the Negative List. Similarly, issues of opening of Wagha land route and preferential arrangements under Safta came under discussion on the first day of the latest round of trade talks.Pakistan and India are expected to formally sign three crucial agreements today (Friday) to give a fillip to economic activity between the two countries. The agreements relate to customs cooperation, mutual recognition of required standards and the mechanism to address grievances for boosting the trade between the two countries.Sources said the two sides also discussed the Islamabad’s demand to remove tariff and non-tariff barriers before abolishing the Negative List of 1,209 items by December 31, 2012. Other areas of cooperation, including trade in power and petroleum products, are also a part of agenda. The two neighbours have made significant progress in trade talks in last few months, as Pakistan has already open the doors for trade with India by raising the number of items that can be imported from across the border.To reciprocate this major shift in Pakistan’s policy towards India, the Indian government last month lifted its ban on foreign investment from Pakistan to create goodwill for further deepening the liberalisation process between the two countries.