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.