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Scope to boost Pakistani textile exports to Indonesia
29
Aug '12
Pakistan’s trade with Indonesia touched a record-high of US$ 1.2 billion in 2011, mainly owing to increased participation of Pakistani firms in Indonesian textile manufacturing, Iqbal Tahir, Commercial Attache at the Embassy of Pakistan in Jakarta, has said.
 
He said the rising number of middle class population among the 240 million Indonesians provides a good scope for continued growth of Pakistani textile exports to the largest Asean economy.
 
The Pakistani embassy in Jakarta has included readymade garments, cotton fabrics, cotton Islamic wear, prayer rugs, handicrafts and sportswear among the list of items that can be promoted in Indonesia.
 
According to Indonesian official statistics, the country imported US$ 41.7 million worth of cotton and US$ 7.4 million worth of fabrics from Pakistan in 2011.
 
Cotton and cotton fabrics were among the major products imported by Indonesia during the first six months of the current year.
 
From January to June, Indonesia imported US$ 126.7 million worth of goods from Pakistan and the Pakistani embassy expects the figure to jump to US$ 300 million by the end of the current year.
 
Mr. Tahir said Pakistan recently signed a Preferential Trade Agreement (PTA) with Indonesia, which enables Pakistan to export cotton yarn, fabric and knitted menswear to Indonesia at reduced tariffs after the PTA gets ratified in about two months time.
 

Fibre2fashion News Desk - India


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