Pakistan Signs Trade Agreement With Indonesia To Boost Pakistan Textile Exports

Because Pakistan To be signed with Indonesia in January 2012 Preferential trade agreement (PTA) therefore, the export of textiles and clothing in Pakistan is likely to expand.

Minister of Commerce of Pakistan Zafar Mahmoud (Zafar Mahmood) speaking at the opening ceremony of the Pakistan Indonesian Business Forum (PIBF), the Pakistan Indonesia preferential trade agreement (PTA) will help both countries improve their overall performance. Trade scale From about $800 million to $1 billion.

The commerce minister said the Pakistan government is also paying attention to expanding exports of clothing and textiles to Turkey. Turkey is a huge untapped market. He added that during his visit to Turkey, he held talks with Turkey officials on the PTA of the two countries.

Mr. Mahmoud also told business leaders that the government is looking forward to receiving a positive response to the EU's GSP system. The European Union said it would provide preferential exports to the EU countries for some clothing and textiles in Pakistan.

Similarly, he said he will also meet with India to strengthen trade between the two neighbouring countries.

In addition, he said that the government is trying to provide all possible facilities for export oriented industries to help them compete in the international market.