ISLAMABAD: Indonesian Ambassador to Pakistan Adam Tugio has urged businessmen to participate in the Pakistan-ASEAN trade exhibition that will be held in Jakarta in May by Trade Development Authority of Pakistan (TDAP).
During a meeting with executive members of the Pakistan-Indonesia Business Council, he asked the businessmen to explore more business opportunities with ASEAN trading partners. The Association of Southeast Asian Nations (ASEAN) is a political and economic union of 10 member states in Southeast Asia.
Established in 1967, ASEAN promotes intergovernmental cooperation and facilitates economic, political, security, educational, and sociocultural integration between its members and countries in the Asia-Pacific. After signing a historic charter in 2007, ASEAN is now a legal entity and aimed to create a single free-trade area for the region encompassing 600 million plus people.
On the occasion, Adam Tugio said Indonesia was keen to invest in Pakistan, acknowledging importance of the multi-billion China Pakistan Economic Corridor (CPEC) in enhancing trade connectivity with Central Asian states. “We take note of the importance to have more balanced trade for mutually beneficial relationships.”
He said that the embassy will do its best to help find potential business partners in Indonesia for Pakistani businessmen. During the meeting, the two sides discussed ways and means to deepen bilateral trade. The ambassador appreciated the Pakistan-Indonesia Business Council’s contribution to strengthening bilateral trade.
The ambassador urged the council to help identify areas where Pakistani manufacturers had the expertise and a strong comparative advantage in the market. He said the two countries manufactured good quality products and Indonesia supplied types of vinyl and polyester while Pakistan was well-known for qualitative production in textiles and garments.
He was of the view that Pakistanis and Indonesians were fond of spices and that export of spices from Pakistan to Europe and the US was improving due to the increased demand from overseas Pakistanis. Since Indonesia is the world’s biggest exporter of spices, “we can team up to produce the best quality of garam masala for expatriates in those continents,” he said.
Adam Tugio also mentioned interest of some investors from Indonesia to invest in Pakistan and referred to the geo-economics and geo-strategic location of the South Asian country as a trade hub for the Central Asian markets. It is pertinent to mention here that Abid Nizar of the council received the highest Primaduta Award from the Indonesian government for his performance in trade between Pakistan and Indonesia.