Pakistan and Indonesia have agreed on a concession for 20 different items during bilateral negotiations under the Preferential Trade Agreement (PTA).
Both sides discussed 20 tariff lines and Indonesia agreed to give concessions on major exports from Pakistan including kinnow, mango and others during renegotiation on PTA, senior official of Ministry of Commerce told APP on Sunday.
Concessions on 20 tariff lines was a major success for Pakistan and now Pakistani kinnow export to Indonesia will increase from 18 to 35 million tons and mango exports will increase to 10 million tons in a year, he said.
The official said that before the PTA, Indonesia granted only two months for the export of Pakistan's kinnows and mangoes but now after renegotiation, Pakistan can export these fruits to Indonesia for the whole year and any time-limit was removed.
Replying to a question, he said that Pakistan and Indonesia have a current annual trade volume of $170 million which is expected to increase after renegotiation on PTA between the two countries. Pakistan wants the same concessions from Indonesia which it is getting from other countries like China, India, Sri Lanka and ASEAN countries, he said.
source: nation.com.pk
