Indonesia, Pakistan to boost bilateral trade to $2bn under PTA

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Pakistan and Indonesia are striving to increase the volume of annual bilateral trade up to $2 billion under the Preferential Trade Agreement (PTA) the two countries had signed in February last year. Indonesian Counsel General Rossalis R Adenan Saturday said this to a group of young businessmen that called on him on Saturday. Led by Anas Adhia and Haroon Iqbal Shaikh, the business delegation discussed with the Consul General trade opportunities between the two countries after the much-awaited implementation of PTA. Consul General Roassalis briefed the visiting traders on the expected benefits the PTA will serve for the two countries. “Prior to the implementation of PTA, Indonesia-Pakistan trade volume has already grown to $1.6 billion and the target is set to make it $2 billion per annum,” he said. The consul general also shared with the delegation the efforts done in this regard including a recent visit of Indonesian Ambassador to Pakistan to Karachi Chamber of Commerce and Industries. “We are putting up all efforts to ensure implementation of PTA to achieve this target and extend our fullest support to Pakistani business community,” he said. Anas Adhia said: “Indonesia is a big market with lots of potential for Pakistani businessmen and implementation of PTA would certainly help boost bilateral ties”. Haroon Iqbal thanked the Consul General on behalf of the group for his efforts and assured him all support required for quick and successful implementation of the said Preferential Trade Agreement (PTA).