Pak-Indonesian bilateral trade to jump 9bn dollar by 2019: envoy

Faisalabad – Quantum of bilateral trade between Pakistan and Indonesia is expected to jump to 9 billion dollar by 2019, said Iwan Suyhdhie Amri Ambassador of Indonesia.

He was addressing a dinner hosted in his honour by Shabbir Hussain Chawla, President Faisalabad Chamber of Commerce & Industry (FCCI) here late last night.

He said that Indonesia was probably the only country that was making serious and practical efforts to make bilateral trade with Pakistan balanced for the two countries. In this connection, a project is in the pipeline to introduce cultivation of high yielding palm plants in addition to establish refineries to clean palm oil produced in Pakistan for its domestic needs.

He said that Pakistan was a big market for Indonesia but we are also making efforts to encourage exports from Pakistan to Indonesia to make our bilateral trade balanced.

He said that both countries had already agreed to encourage exports from Pakistan and now we are in the process of fixing standards of the exportable commodities including Mango and Kinnow.

He hoped that Pakistani mangoes and Kinnow would hit the Indonesian stalls next year. He further said that a Memorandum of Understanding (MoU) had already been inked to enhance the exports of Pakistani rice to Indonesia.

Earlier, Shabbir Hussain Chawla welcomed Indonesian Ambassador and stressed the need to encourage private sectors of both countries to further enhance the bilateral trade. In this connection the two countries have to remove tariff barriers and give maximum incentives to each other, he said.

He said that Pakistan is strategically located in South Asia and it could provide an opportunity to Indonesia to make its exports to the landlocked countries of Central Asia. Similarly Indonesia could also facilitate Pakistan to have access to 2 trillion Dollars ASEAN (Association of Southeast Asian Nations) Market.

He further said that during 2017 Pakistan imported 1.78 billion Edible Oil and sizable amount of it was imported from Indonesia. He said that Pakistan has offered maximum incentives to the Indonesia and hence, Indonesia should also reciprocate in the same manners.

Shabbir Hussain Chawla also stressed the need for exchange of trade delegations in addition to organizing single country exhibition in both countries.

He hoped that Indonesian embassy should also provide business related information to FCCI so that we could enhance our share in exports to Indonesia. Later, 60th Birthday Cake of Mr. Iwan Suyhdhie Amri Ambassador of Indonesia was also cut.

"Monitoring Desk"

Leave a Reply

RELATED POSTS

2
Youth being equipped with modern skills to avail CPEC benefits: CM Khan
Pakistan, Iran must exploit regional trade corridors
USCS leads Pakistani delegation to solar power trade show
MoU signed to promote use of renewable energy
China set up power projects under PPA: Ahsan Iqbal
Pakistan stresses regional connectivity projects in ECO region
Pakistan has tremendous hydropower potential of over 60,000 MW
Pakistan to engage US, China at same time, values relations with both: Qureshi
Cairo hosts trade summit to celebrate 70 years of Pakistan-Egypt diplomatic ties
Saudi Delegation to visit Pakistan in October, investments on agenda
Pakistan steps forward in astronomy and space sciences
Scottish boat-like tidal turbine produces 3 GWh cheap electricity all year round
Openness of transport infrastructure, provision of utilities and mortgage financing a boom for construction
China supports Pakistan thru dev projects in multiple avenues: Yao Jing
PTI prioritizes completing CPEC projects : Murad Saeed

FOLLOW US


About Corridor.pk

Corridor.pk is Pakistan’s leading regional connectivity media & communication/outreach platform, dedicated to profiling and promoting the business activities, news and views on the regionally connected business corridor across OBOR. 

     

Addional Information

 Ethics Policy     Advertise
 Terms & Conditions
 Contact Us