New trade agree­ments

Southasia - - 13 -

Pak­istan and In­done­sia re­cently launched the Pak­istan-in­done­sia Busi­ness Fo­rum (PIBF) with Pa­tronin-chief, Am­bas­sador of In­done­sia, Ishak Latu­con­sina and Pres­i­dent, PIBF, Ab­dul Ma­jid Haji Mo­ham­mad, sign­ing the mem­o­ran­dum at the in­au­gu­ral cer­e­mony in Karachi.

The ini­tia­tive was launched a month af­ter the In­done­sia-pak­istan Pref­er­en­tial Trade Agree­ment was fi­nal­ized in Jakarta. The busi­ness com­mu­ni­ties of both coun­tries are ex­pected to greatly ben­e­fit through trade link­ages and cor­po­rate sec­tor co­op­er­a­tion. Speak­ing at the cer­e­mony, Latu­con­sina stated, “We are wit­ness­ing to­day the open­ing of a sig­nif­i­cant new chap­ter in the trade and busi­ness in­ter­ac­tion and dis­course be­tween the busi­ness com­mu­ni­ties of In­done­sia and Pak­istan with the in­au­gu­ra­tion of the PIBF. We have reached this de­ci­sion to launch the PIBF af­ter long dis­cus­sions and sug­ges­tions from those busi­ness­men who al­ready have busi­ness with In­done­sia.”

The PIBF plat­form will al­low busi­ness com­mu­ni­ties to ex­change ideas, de­velop bi­lat­eral strate­gies, in­crease trade vol­ume and en­hance eco­nomic ac­tiv­i­ties over­all. Trade be­tween both coun­tries has pre­vi­ously been very low and PIBF will en­sure a rise in trade and in­vest­ment, not just in Pak­istan and In­done­sia but through­out the South Asian re­gion as well.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.