PTA will boost Pakistan's textile exports to Indonesia

04 Jan '13

2 min read

The likely implementation of the Preferential Trade Agreement (PTA) between Pakistan and Indonesia from the current month would increase exports of textiles from Pakistan to Indonesia, according to Mr. Otto Rakhim Gani, Secretary for Economic and Trade Affairs at the Indonesian Embassy in Pakistan.

Speaking to a delegation of Islamabad Women Chamber of Commerce and Industry (IWCCI), Mr. Gani said the Pakistan-Indonesia PTA will come into force this month, as both countries have completed the spade-work for the same.

He said a new era of cooperation between the two countries would begin with the implementation of the PTA, which would, in turn, boost economic and trade ties between the two nations.

Exports from Pakistan, including textile exports, to Indonesia, the largest economy in Southeast Asia, would get a boost following the coming into force of the PTA, he added.

Once the PTA is implemented, steps would be taken to initiate negotiations for a Free Trade Agreement (FTA) between the two countries, Mr. Gani said.

Ms. Samina Fazil, founder president of IWCCI and Ms. Farida Rashid, current president of IWCCI, said the PTA would enhance exports of Pakistani goods to Indonesia, especially fabrics, carpets, value-added textiles like garments, and chemicals.

The IWCCI representatives urged the Government to take steps, such as organizing single country expos and exchange of trade delegations, to increase cooperation between the business communities of both nations.

Fibre2fashion News Desk - India

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