KARACHI – Pakistan gets a good news from Indonesia on economic front asIndonesian government decision is likely to increase Pakistani exports.
Indonesia abolished import duties of up to 30 percent on 20 Pakistaniproducts in a trade deal to secure future of more than one billion dollarsof palm oil exports to the south Asian economy that is shifting to a newsupplier on long-awaited tariff concessions, industry officials said onFriday.
“The renegotiated trade deal is a step towards securing future ofIndonesian palm oil exports to Pakistan,” Ehsan Malik, chief executiveofficer of a pan-industry advocacy group Pakistan Business Council (PBC)said..
Malik said Pakistani government is to announce the breakthrough in day ortwo.
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The Indonesian government has long been mulling import duty concessions for20 tariff lines, including rice, mangoes and value-added textiles, underthe revised preferential trade agreement (PTA) originally signed withPakistan in February 2012.
