Printer Friendly

RI, Pakistan to further expand trade deal.

Indonesia and Pakistan signed a preferential trade agreement in a bid to boost bilateral economic cooperation and are expected to expand the trade deal into a free trade agreement in the near future.

Under the agreement, Indonesia offered reduced tariffs to Pakistan on 216 tariff lines, including fresh fruit, cotton yarn, cotton fabrics, readymade garments, fans, sporting goods and leather goods.

Pakistan, on the other hand, has extended preferential rates on 287 tariff lines of Indonesian products, such as crude palm oil and its derivatives, sugar confectionery, cocoa products, consumer goods, chemicals, tableware, kitchenware, rubber products, wood products, glassware products and electronics items.

Indonesian Trade Minister Gita Wirjawan said that the pact would allow greater flow of goods and commodities between the two countries and enhance cooperation that had long existed.

COPYRIGHT 2012 Asianet-Pakistan
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2012 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Flare
Geographic Code:9PAKI
Date:Mar 15, 2012
Words:131
Previous Article:Google, Microsoft, Facebook, BoA team to wipe out phishing.
Next Article:Kindle Fire king of Android tablets.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters