ISLAMABAD: Pakistan and Indonesia were in talks to reach a trade agreement, which was likely to take effect soon, giving commercial and economic activities a much-needed upward thrust, an Indonesian envoy said on Monday.
“A Preferential Trade Agreement (PTA) already exists between the two countries, while a Free Trade Agreement (FTA) is also being reviewed,” said Adam Mulawarman Tugio, Ambassador of the Republic of Indonesia to Pakistan, addressing a seminar to promote bilateral tourism.
The envoy said it was the century of Asian region and Southeast Asia, Pacific Asia, Central Asia, and China would play an important role in the global economy and economic cooperation could open new avenues for South Asian and Association of East Asian Nations (ASEANs) members.
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