Under Preferential Trade Agreement, Indonesia agrees to give concession on major imports from Pakistan
Agreement reached during bilateral negotiation between the two countries under Preferential Trade Agreement.
Under Preferential Trade Agreement, Indonesia has agreed to give concession on major imports from Pakistan including rice, textile, ethanol, Kinnow and mangoes.
This was stated by a senior official of the Ministry of Commerce in Islamabad on Sunday.
He said the agreement was reached during bilateral negotiation between the two countries under the Preferential Trade Agreement.
The official said both sides discussed twenty tariff lines and they agreed on concession for twenty different items.
He said the current annual trade volume between the two countries is one hundred seventy million dollars, which is expected to increase after renegotiation on Preferential Trade Agreement.