Ambassador of the Republic of Indonesia to Pakistan, Adam Mulawarman Tugio on Monday said that Pakistan and Indonesia trade and goods agreement is being negotiated and was likely to be implemented soon for increased trade activities.
Preferential Trade Agreement (PTA) already exists between the two countries and the Free Trade Agreement (FTA) is also being reviewed, the Ambassador Adam said this while addressing the consultative seminar for the promotion of bilateral tourism with local tourist agents and Journalists here.
The Indonesian envoy said that this is the century of Asian region in which the next Southeast Asia, Pacific Asia, Central Asia and China will play an important role in the global economy and trade.
Pakistan-Indonesia economic cooperation could open new avenues for cooperation between South Asian and Association of East Asian Nations (ASEANs) countries, he said.
The Ambassador said that emerging economies like Pakistan could, on the one hand, link global trade with Central Asian countries, and on the other hand, its geographical link with western China could be beneficial to Indonesia and ASEAN countries.
He said that Pakistan and Indonesia have historical religious, political, diplomatic and economic ties, which can be used to further strengthen economic and trade ties between the two countries.—APP
