Businesses to explore Indonesia
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Pakistan’s businessmen should take advantage from the large Indonesian market, an envoy said. Ambassador of Indonesia Iwan Suyudhie Amri, talking to the Lahore Chamber of Commerce and Industry (LCCI) Vice President Nasir Saeed, said bilateral trade needs to be enhanced as Pakistan and Indonesia are potential markets.
Ambassador Amri said Pakistan’s rice and meat have great demand in Indonesia and therefore Pakistan’s businessmen should avail this opportunity.
He said the LCCI is playing a significant role to strengthen the trade and economic relations between the two countries.
Saeed said the implementation of Pakistan-Indonesia preferential trade agreement will begin a new era of cooperation and serve as a foundation for enhanced economic and trade cooperation.
He said local businesses will increase exports to Southeast Asia’s largest economy under the preferential trade agreement.
“There is also a lot of scope for Indonesia to make investment in Pakistan. Indonesia has a fairly advanced petro-chemical, rubber, plywood, telecommunication and tourism industry,” he added.
Questions & Answers
Q.What specific Pakistani products are in high demand in the Indonesian market?
What specific Pakistani products are in high demand in the Indonesian market?
According to Ambassador Amri, Indonesian consumers have a great demand for Pakistani rice and meat. This presents an opportunity for Pakistani businesses to increase their exports.
Q.What is the primary mechanism expected to boost trade between Pakistan and Indonesia?
What is the primary mechanism expected to boost trade between Pakistan and Indonesia?
The implementation of the Pakistan-Indonesia preferential trade agreement is expected to begin a new era of cooperation. This agreement should serve as a foundation for enhanced economic and trade relations.
Q.In which sectors does Indonesia have the potential to invest in Pakistan?
In which sectors does Indonesia have the potential to invest in Pakistan?
Indonesia possesses advanced industries in petrochemicals, rubber, plywood, telecommunications, and tourism. These are the areas where Indonesia could potentially make investments in Pakistan.
Q.Which Pakistani organisation is actively involved in strengthening trade relations with Indonesia?
Which Pakistani organisation is actively involved in strengthening trade relations with Indonesia?
The Lahore Chamber of Commerce and Industry (LCCI) is playing a significant role. Its Vice President, Nasir Saeed, was mentioned discussing bilateral trade with the Indonesian Ambassador.
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