Pakistan And Indonesia Sign Preferential Trade Agreements
After 7 rounds of negotiations, Pakistan and Indonesia finally signed bilateral agreements.
Discount
Trade agreement (PTA).
The agreement will be effective from January 2012.
Mahmoud, Secretary of the Ministry of Commerce, said that the signing of the agreement helped increase Pakistan's export to Indonesia, the largest economy in Southeast Asia, and also indicated that the Palestinian government's wish to shift its export market focus to Asia.
It is reported that PTA between the two countries
negotiation
It started in 2005, but because both sides were in their respective main areas.
Exit
Products (Indonesia's palm oil and Pakistan's citrus) tariff concessions have not been reached on the issue, the middle was shelved.
Recently, the two sides finally reached mutual understanding on the key issues and reached an agreement at first.
He said he hoped to negotiate a more comprehensive free trade area agreement (FTA) with Indonesia in the first half of 2012 to further expand economic and trade cooperation with Indonesia.
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