Indonesian Consul General visits Hyderabad, sees huge trade potential with Pakistan

Hyderabad: The Consul General of Republic of Indonesia visited Hyderabad Chamber of Commerce & Industry Monday.

The Consul General, Rossalis R. Adenan, in his address at Hyderabad Chamber of Commerce & Industry said that Pakistan and Indonesia are brotherly countries and enjoy excellent diplomatic relationship.

He said the economy of Indonesia is improving gradually. Since last three years it has increased from 6.1% in 2009 to 6.7% in 2011. He said the trade volume of Indonesia during last year was 375 billion US Dollars.

The export ranged to the tune of 205 billion and imports were of the magnitude of 175 billion US dollars thus a trade balance of 35 billion US dollars was achieved during the previous year. He said the level of trade between Pakistan and Indonesia was up to 1.0 billion US dollars which could be increased manifold by the combined efforts of both the countries.

He said that his visit was aimed to further promote trade relationship between two brotherly countries. In order to introduce Indonesian culture, the Consulate General of Indonesia would arrange a cultural program on 16th March 2012 at Expo – Centre Hyderabad.

He invited trade delegation from Hyderabad to join trade delegation from Pakistan for Indonesia in October, 2012.He further proposed that after signing PTA (Professional Trade Agreement) between Pakistan and Indonesia 216 items from Pakistan and 287 items from Indonesia could be imported from both sides.

It would save Pakistan about 300 million US dollars due to decrease in tariff rates. It would be in the interest of Pakistan to import palm oil from Indonesia instead of Malaysia as it would be cheaper.

He further added that Indonesia is rice consuming country. Pakistan can export rice to Indonesia. He said Pakistani Kinno is being sold in Jakarta markets through Singapore. He said we know that Singapore is a small country and does not produce Kinno for export. It would be better if such items are exported directly to Indonesia.

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