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

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Recently, bilateral trade has grown significantly since Indonesia and Pakistan formally implemented the preferential trade agreement, according to recent reports by the company in September 1, 2013.

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.

Links are more convenient and conducive to the growth and healthy development of bilateral trade. The Pakistan economic and trade delegation visited Indonesia to promote trade in palm oil, leather products and computers.

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

In February 2012, the two countries signed a preferential trade agreement, which separately exempted tariffs on imported citrus products and imported products such as palm oil imported from Pakistan. Indonesia hopes that this cooperation will further increase palm oil, rubber, paper, shoes and Indonesia.

And timber exports to Pakistan, and with Pakistan's re exports to neighboring Central Asian countries and Western China, Pakistan hopes that the agreement can further expand exports of oranges and textile raw materials to Indonesia.