JAKARTA: Pakistan and Indonesia are expected to sign Preferential Trade Agreement (PTA) in first quarter of 2011, which would increase bilateral trade to around $ 2 billion in two years.
Pakistan Ambassador to Indonesia, M Sanaullah at Pakistan, Indonesia Economic Cooperation event in Jakarta said recent visit by Foreign Minister Shah Mehmood Qureshi and talks with his counterpart, Marty Natalegawa would have conducive affect on process leading to signing of PTA.
He said Pakistan and Indonesia had agreements on protection of investment and avoidance of double taxation treaty, which formed basis of a cordial investment atmosphere. He invited Indonesian businessmen and companies to invest in sectors like agriculture, fruits, cotton, cotton yarn, cement, sugar manufacturing plants and their parts, steel, steel products, surgical instruments. ppi
Pakistan Ambassador to Indonesia, M Sanaullah at Pakistan, Indonesia Economic Cooperation event in Jakarta said recent visit by Foreign Minister Shah Mehmood Qureshi and talks with his counterpart, Marty Natalegawa would have conducive affect on process leading to signing of PTA.
He said Pakistan and Indonesia had agreements on protection of investment and avoidance of double taxation treaty, which formed basis of a cordial investment atmosphere. He invited Indonesian businessmen and companies to invest in sectors like agriculture, fruits, cotton, cotton yarn, cement, sugar manufacturing plants and their parts, steel, steel products, surgical instruments. ppi
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