November 29, 2018: Indonesia has notified unilateral concession on twenty tariffs to Pakistan to provide it more market access through expansion of Preferential Trade Agreement between the two countries.
This was stated by Adviser to Prime Minister on Commerce, Textiles and Investment, Abdul Razak Dawood, while addressing a press conference in Islamabad.
The Adviser said the concession will provide market access to Pakistan's textile and agriculture items including rice, mangoes and citrus, ethanol, home textile and towel.
He said after this trade facility, there would be a further increase of around one hundred fifty million dollars in Pakistan's exports to Indonesia.
Abdur Razak Dawood said the government is committed to narrow the trade deficit and in this regard a comprehensive strategy is being initiated to get market access to potential markets of the world.
He said the Ministry of Commerce has evolved a comprehensive National Tariff Policy, which would be presented before the Cabinet for approval today.