34 per cent trade increased between Indonesia and Pakistan
Islamabad, July 25, 2012 (PPI-OT): Trade between Indonesia and Pakistan is increased by 34 percent from $787 million in 2010 to $1.142 billion in 2011. This was stated by Pakistan Ambassador to Indonesia, Sanaullah during his meeting with Chairman of Indonesian Chamber of Commerce and Industries (KADIN), Mr. Suryo B. Sulisto here on Tuesday, says a press release received here today from Indonesia.
The Ambassador emphasized that there was enough potential in various fields between the two countries to increase trade. He said that Pakistan was the third biggest consumer of palm oil after China and India.
However, there was urgent need to boost two-way trade by encouraging business community in both countries. He requested the Chairman KADIN to persuade the Indonesian businessmen to turn to a market of more than 180 million people and equally large market in the neighboring landlocked countries. He extended invitations to the Chairman to attend Expo Pakistan 2012 and D-8 Summit to be held in Pakistan in October and November respectively this year.
Mr. Suryo appreciated the increasing trade between Pakistan and Indonesia and showed willingness to encourage the business community in Indonesia to seek trade and investment opportunities in Pakistan. He said that frequent meetings of businessmen of both countries would help increase bilateral trade. He agreed to attend D-8 Summit in November 2012.
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