Indonesia makes big trade concession to Pakistan under PTA
ISLAMABAD - Indonesia makes big trade concession to Pakistan in boosting exports of the country.
Advisor to the Prime Minister on Commerce, Textiles and Investment Abdul Razak Dawood on Wednesday said that Indonesia had notified unilateral concession on 20 tariff lines to Pakistan to provide more market access through expansion of Preferential Trade Agreement (PTA) between the two countries.
After successful negotiation between the two countries, Indonesia has agreed and notified the unilateral concession on 20 tariff lines for providing market access on textile and agriculture items including rice, mangoes and citrus, denim fabric, ethanol, home textile and towel, the adviser said while addressing to a press conference here.
He said the Indonesia-Pakistan Preferential Trade Agreement (PTA) was signed in February 2012.
He said that after this trade facility, there would be a further increase of around $150 million in Pakistan’s exports to Indonesia.