Indonesian trade team to visit in Feb

OUR STAFF REPORTER LAHORE - The Ambassador of Republic of Indonesia, Ishak Latuconsina, has said that a big Indonesian trade delegation will be visiting Pakistan in February 2012 to have business deals and Joint Ventures with their Pakistani counterparts. The Ambassador was speaking at the Lahore Chamber of Commerce and Industry on Thursday. LCCI President Irfan Qaiser Sheikh, Senior Vice President Kashif Younis Meher and Vice President Saeeda Nazar also spoke on the occasion. The Ambassador also informed the participants that after the signing of Preferential Trade Agreement in January would help harness the trade and business potential in the two countries and increase bilateral trade. The Ambassador also stressed the need for exchange of subject specialists and sector specific experts so that both the countries could be able to learn more and more from each others experiences. Mr Ishak Latuconsina said that sharing of experiences had no match when we talk of any specific product or trade with any country so Pakistan and Indonesia must share their experiences in the larger interests of the business communities in the two countries. Speaking on the occasion, the LCCI President Irfan Qaiser Sheikh said that Indonesia and Pakistan are bonded together by old historical links and enjoy cordial relations. Indonesia is the world largest Muslim country in terms of its population, whereas Pakistan is the world second largest Muslim country. He said that both countries are members of the Organization of Islamic countries as well. But undesirably, these distinctive attributes hardly get reflected in our trade and investment relations. Irfan Qaiser Sheikh said that Pakistans major exports to Indonesia includes cotton, raw hides & skins, manmade staple fibers, fish, cereals, beverages, spirits and etc. Whereas we import mineral fuels, oils, fruits, paper & paper board, animal & vegetable fats, man-made staple fibres and etc., from Indonesia.

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