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Pakistan and Indonesia boost trade via new pact, aiming for full economic deal by 2027.
Pakistan and Indonesia have strengthened economic ties by signing a Memorandum of Understanding to establish a Joint Trade Committee, aiming to boost bilateral trade and address barriers.
The move follows a high-level visit by Indonesian President Prabowo Subianto and builds on a 24% rise in trade to $4.1 billion in 2024, driven largely by palm oil imports.
Both nations agreed to advance their Preferential Trade Agreement toward a Comprehensive Economic Partnership Agreement by 2027, with Pakistan seeking better access for agricultural and industrial exports.
Plans include a Pakistani exhibition in Jakarta and technical talks to streamline certifications and expand market access.
Pakistán e Indonesia impulsan el comercio a través de un nuevo pacto, con el objetivo de lograr un acuerdo económico completo para el año 2027.