Pak-Indonesia FTA cannot be ruled out: Minister

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Indonesian Deputy Minister for trade and export development, Bapak Didi Sumedi has said that the Free Trade Agreement (FTA) between Pakistan and Indonesia cannot be ruled out, which will increase the volume of bilateral trade on both sides.

After signing the Proposed FTA between the two countries, there is a possibility that the current bilateral trade volume will go from the current $4 billion to $10 billion per year, Indonesian Deputy Minister for trade and export development, Bapak Didi Sumedi told a state run news agency in Jakarta (Indonesia).

The Minister said that the two countries already have a Preferential Trade Agreement (PTA) which will further strengthen bilateral trade after the finalization of the proposed FTA. After the finalization of the FTA between Pakistan and Indonesia, it will help both the countries to strengthen bilateral economic and trade relations with the Association of South East Asian Nations (ASEAN) countries.

Replying to a question on Indonesia Convention Exhibition (ICE) 2022, he said that the Indonesia Convention Exhibition (ICE) is extremely important for increasing economic and commercial activities and promoting investment in Indonesia and the outer world.

He said the 37th Indonesia Convention Exhibition provides opportunities for businessmen and investors from foreign countries including local Indonesian businessmen to trade and invest in the Indonesian market. —NNI

 

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