ISLAMABAD: Indonesia has given immediate market access to 20 Pakistani products which could be a boost to the Pakistani struggling exports.
The Indonesian government issued a formal notification for the correction of Indonesia-Pakistan Preferential Trade Agreement (IP-PTA) by offering immediate market access for 20 products of Pakistan’s prime interest.
The priority products included mangoes, broken rice, ethanol, tobacco, yarn and fabric, home textile, terry towel, apparel and knitwear.
A memorandum of understanding to amend the Preferential Trade Agreement between the two countries was signed during the visit of the Indonesian president in January 2018. Following this, a meeting was held between the Indonesian trade minister and Commerce Secretary Younas Dagha on the sidelines of Shanghai Expo in 2018 wherein the latter underlined the need for correction in PTA and requested for early resolution of this issue.
The secretary also took up the issue of non-tariff barriers imposed on Pakistani agriculture products by Indonesia. Owing to the sustained efforts of the Ministry of Commerce, Indonesia has finally offered unilateral market access for Pakistani products