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Friday, September 21st, 2018

PAKISTAN, INDONESIA AGREE TO BOOST BILATERAL TRADE, COOPERATION

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ISLAMABAD, Pakistan, Pakistan and Indonesia signed, here, four memorandums of understanding (MoU), to boost their bilateral cooperation and trade, according to the Prime Minister’s Office.

The two sides inked four accords on Liquified Natural Gas imports, trade facilitation, an additional protocol to Preferential Trade Agreement, and an agreement of cooperation between their academic institutions.

The MoU’s were signed during Indonesian President, Joko Widodo’s two-day visit to Pakistan.

Widodo addressed the Pakistani parliament, calling for unity to maintain peace in the region, as conflicts and wars would benefit no one.

On Saturday, Pakistani Prime Minister, Shahid Khaqan Abbasi and Widodo held a meeting, exchanging views on bilateral relations and agreed to strengthen defence and security cooperation, including bilateral counter-terrorism cooperation, the statement said.

Both leaders acknowledged, there is considerable untapped potential to expand trade, and agreed to improve the trade imbalance, under the existing mechanism of Preferential Trade Agreement between the two countries.

Abbasi also briefed Widodo on Pakistan’s efforts to enhance regional connectivity and development, through the China-Pakistan Economic Corridor, encouraging Indonesian businessmen and investors, to invest in the projects.

Source: NAM NEWS NETWORK

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