ISLAMABAD: Indonesia has issued a formal notification for the correction ofIndonesia-Pakistan Preferential Trade Agreement (IP-PTA) by offeringimmediate market access for 20 products of Pakistan’s prime interest.
The priority products included mangoes, broken rice, ethanol, tobacco, yarnand fabric, home textile, terry towel, apparel and knitwear.
A memorandum of understanding to amend the Preferential Trade Agreementbetween the two countries was signed during the visit of the Indonesianpresident in January 2018. Following this, a meeting was held between theIndonesian trade minister and Commerce Secretary Younas Dagha on thesidelines of Shanghai Expo in 2018 wherein the latter underlined the needfor correction in PTA and requested for early resolution of this issue.
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The secretary also took up the issue of non-tariff barriers imposed onPakistani agriculture products by Indonesia. Owing to the sustained effortsof the Ministry of Commerce, Indonesia has finally offered unilateralmarket access for Pakistani products.
