- Free Trade Agreement, can increase trade volume to $10 billion per year.
- A Preferential Trade Agreement already signed by the two counties
- Trade agreements between Pak & Indonesia need improvement
The Indonesian Deputy Minister for Trade and Exports Development, Bapak Didi Sumedi recently talked about Bilateral trade between Pakistan and Indonesia (APP, Jakarta).
He said that there is a Preferential Trade Agreement between the two nations and they may also sign a Free Trade Agreement.
He added that the proposed Free Trade Agreement could increase the current bilateral trade volume of $4 billion to $10 billion per year.
Bilateral Trade Requires Improvement
Bapak Didi Sumedi explained that there is a lot of room for improvements regarding trade between Pakistan and Indonesia and that the bilateral trade volume is not in line with the potential it has to offer.