Pak-Indonesia to play significant role in global economic, trade integration: Adam

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Islamabad

Ambassador of the Republic of Indonesia to Pakistan, Adam Mulawarman Tugio on Saturday said that Pakistan and Indonesia could play a significant role in global economic and trade integration and also to boost the economic connectivity between global trading partners.

The two countries are located in a very important geographical location and are linked by historical, religious and cultural ties that could go a long way in further enhance the connectivity in global economy and trade, Ambassador of Indonesia to Pakistan, Adam Mulawarman Tugio told APP here.

The Ambassador said that Pakistan’s proximity to Central Asian countries and its location in western China is of paramount importance which will make the port of Gwadar an important factor in global economic and trade integration.

The role of Central Asia, Southeast Asia and Pacific Asia in the future world trade will be very important and the close and brotherly relations between Pakistan and Indonesia will be very beneficial in this regard.

He said Pakistan had an important geographical location, which could connect Central Asian Countries with the world on the one hand and Western China on the other hand for which Gwadar Port was of utmost importance.

The Ambassador said ASEAN countries had FTAs with China, Japan and Korea.
He said ASEAN countries had US $ 600 billion annual trade with China, US $ 200 billion with Japan, US $ 150 billion with South Korea and US $ 300 billion with the United States, which added up to US $ 1.25 trillion in its annual trade volume.

He said Pacific Asian Countries were also a major trade partner of ASEAN and global trade bloc with a worth of US $ 482 billion in annual trade opportunities.

The Ambassador said ASEAN countries and Pakistan could take advantage of each other’s FTA partners and EU Generalized Scheme of Preferences (GSP- Plus) partners as a third party to enhance bilateral economic cooperation.

In the future, Gwadar Port would play an important role in the economic and trade integration of the world, adding, Pakistan could become a trade hub of the world.

Indonesia was an important trading partner of Pakistan in ASEAN countries and the two countries were linked by historical, religious and economic ties..—APP

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