Wednesday, 8 December 2021

Pakistan, Indonesia sign several significant MoUs

Pakistan, Indonesia sign several significant MoUs

ISLAMABAD: Pakistan and Indonesia signed four memorandums of understanding (MoUs) for cooperation in energy, trade and training and education.

The first agreement deals with the import of LNG and POL products from Indonesia. Pak Minister for energy and Indonesian Minister for energy and mineral development signed the agreement.

The second agreement is about additional protocol on Preferential Trade Agreement for twenty new tariff lines. Pak Minister for commerce and textile and his Indonesian counterpart signed the agreement.

The third MOU is related to trade facilitation. It was signed by Secretary Trade Development Authority of Pakistan and DG for National Export Development of Indonesia.

Indonesian Joko Widodo pakistan visit

The 4th MOU was signed between Foreign Service academy and centre for training and education of Indonesia in the field of training.

Pakistan’s Prime Minister Shahid Khaqan Abbasi and Indonesian President Joko Widodo witnessed the signing ceremony.

Earlier, a welcome ceremony was held for Indonesian President at PM House. National anthems of both the countries were played oin the occasion. Smartly-turned-out contingents of armed forces presented guard of honour to the President.

JF-17 Thunder jets also displayed a spectacular fly past while presenting salute to the Indonesian President.

President Widodo also addressed the Joint Session of the Parliament and called for a firm commitment to democracy as it is the only way to serve interests of the people.

President Mamnoon Hussain shaking hands with Indonesian President Ir. H. Joko Widodo at the Aiwan-e-Sadr, Islamabad on January 26, 2018.

This is the first visit of President Widodo to Pakistan. In 2012, President Susilo Bambang Yudhoyono visited Pakistan to attend D-8 Summit.

Pakistan and Indonesia enjoy close historical and cordial relations. Indonesia is the 8th largest trading partner of Pakistan and the largest trading partner in the ASEAN region. Pakistan’s bilateral trade with Indonesia stands around US$ 2.1 billion annually.

Pakistan is one of the largest importers of Indonesian palm oil. Bilateral trade is expected to grow manifold with grant of duty free access to 20 tariff lines from Pakistan for export to Indonesia under the ambit of Preferential Trade Agreement (PTA). During recent years, bilateral political, parliamentary, economic, defence and people to people contacts have seen a substantial increase.

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