Preferential Trade Agreement Promotes Textile And Mutual Benefit Between India And Pakistan

Since the formal implementation of preferential trade agreements between Indonesia and Pakistan in September 1, 2013, bilateral trade has increased significantly.

A few days ago, Noons, director general of the Ministry of trade and export of Indonesia, said that Pakistan was an important economic and trade partner of Indonesia in the implementation of the preferential trade agreement between the two countries. Due to the implementation of the preferential trade agreement, bilateral trade grew rapidly. The total trade volume in the first 5 months of this year amounted to US $840 million, an increase of 28.3% over the same period last year, of which Indonesia exported 760 million US dollars to Pakistan, an increase of 38.9% over the same period last year.

Indonesia hopes to continue to strengthen economic and trade cooperation with Pakistan through the preferential trade agreement. The Ministry of trade of Indonesia will also organize a number of economic and trade docking activities to promote bilateral economic and trade exchanges.

Pakistan ambassador to Indonesia Al-attiya Mahmoud said that the preferential trade agreement made the trade channels between the two products more open, and the import and export links were more convenient, which is conducive to the growth and healthy development of bilateral trade. The Pakistan economic and trade delegation visited Indonesia to promote palm oil.

Trade in computers and other products.

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In the first quarter of this year, palm oil imports from Pakistan accounted for 61.8% of total imports, followed by coal ($34 million 340 thousand), gauze ($27 million 620 thousand), and man-made fiber (22 million 990 thousand US dollars) in Indonesia.

In February 2012, the two countries signed.

To exempt from customs duties such as the import of citrus products from Pakistan and the import of palm oil from Indonesia, and so on, Indonesia hopes that this cooperation will further increase the export of palm oil, rubber, paper, shoes, coal and timber to Pakistan, and pfer from Pakistan to neighboring Central Asian countries and Western China. Pakistan hopes that the agreement can further expand the export of products such as citrus and textile raw materials to Indonesia.

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