Potential Trade Mission to Pakistan Might be US$ 115,02 million

Potential Trade Mission to Pakistan Might be US$ 115,02 million

InfoSAWIT, JAKARTA – Indonesia succeeded to get the potential transaction and investment reaching US$ 115,02 million or equal to Rp1,52 billion from Pakistan. The numbers were got from the trade mission to Pakistan that run on 26-27 January 2018.

“The potential of transaction were crude palm oil, cocoa, coffee, spices, and tea,” Secretary of Trade, Indonesian Republic, Enggartiasto Lukita said in the press conference, Ministry of Trade, 2018 on Wednesday (31/1/2018) in Hotel Bidakara, Jakarta.

Besides in the energy sector, Indonesia also signed Inter Government Agreement (IGA) about liquid natural gas (LNG) export to Pakistan through  PT Pertamina. The company would export LNG about 1,5 million tons per year to Pakistan LNG Ltd for 1o years. The contract could be prolonged for the next five years. The potential transaction that might be reaching US$ 6,4 billion.

In the series of trade mission to Pakistan, Secretary of Trade Indonesian Republic together with Secretary of Trade and Textile Industry, Pakistan, Mohammad Pervaiz Malik also witnessed the signing of Memorandum of Understanding (MoU) between Indonesian Chambers and Industries and Federation of Pakistan Chamber of Commerce and Industry (FPCCI). The MoU would support the businessmen from the two countries to increase the trade and share information.

Meanwhile in the business forum and one – on – one business matching, there were 100 businessmen from Pakistan to directly meet and do business with Indonesian businessmen. “The businessmen from the two countries could advantage the opportunity to interact and discuss about the products they want to,” Enggar said.

In the billateral meeting, Saturday (27/1), Indonesia and Pakistan also agreed to cooperate in promotion. General Director of National Export Development, Ministry of Trade, Arlinda signed the technical cooperation in trade promotion with Secretary of Trade Development and Authority of Pakistan (TDAP). It is the start to increase the cooperation between both countries in sharing information.

“The agreements are about sharing information and the promotion. Some of them are business chance, and promotion by supporting the private sectors from both countries,” she said. (T2)

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