November 06, 2018: Pakistan and Indonesia have agreed to initiate a study for establishing the feasibility of further expansion of Preferential Trade Agreement (PTA).
This was agreed in principle in a meeting between Secretary Commerce, Mohammad Younus Dagha and Indonesian Minister for Trade on the side lines of Import Expo, Shanghai, said in press release issued by Ministry of Commerce Tuesday.
Both the sides agreed to further strengthen the trade relations between two countries.
While Younus Dagha raised the issue of delay in notification of inclusion of 20 additional tariff lines in Pakistan Indonesia Preferential Trade Agreement (IP-PTA). Indonesian Minister for Trade assured that the notification would be issued by end of November in this year.
Inclusion of these tariff lines in PTA would help Pakistan’s exports to Indonesia to grow further.
Products like Denim fabric, Ethanol, home textile, towel, rice and mangoes would benefit. Indonesia has also issued notification to allow import of Mangoes from Pakistan for the upcoming season.