Thursday, August 04, 2016

4th August,2016 daily global,regional and local rice e-newsletter by riceplus magazine



 

PTA with Indonesia to help Pakistani exports to grow: Dastgir

Minister urges to ensure implementation of MoU signed between two countries for purchase of rice from Pakistan.


04:41 PM, 3 Aug, 2016
Commerce Minister Khurram Dastgir Khan says that Preferential Trade Agreement with Indonesia would help Pakistani exports to grow.
He was talking his Indonesian counterpart Enggartiasto Lukita during a meeting on the side lines of 12th World Islamic Economic Forum in Jakarta today.
He said that import of Palm Oil from Indonesia has exponentially increased the volume of imports from Indonesia and Pakistan will start importing coal from Indonesia in large quantities for electricity generation.
Khurram Dastgir urged to ensure implementation of MoU signed between the two countries for purchase of rice from Pakistan.
Indonesian Minister expressed the desire to find possibilities of converting the Agreement into a Free Trade Agreement.He asserted that signing of full scale trade agreement would open new avenue for trade in goods

http://www.radio.gov.pk/03-Aug-2016/pta-with-indonesia-to-help-pakistani-exports-to-grow-dastgir


Indonesia must review import quota policy for Pakistan


August 04, 2016
ISLAMABAD: Federal Commerce Minister Khurram Dastgir has urged his Indonesian counterpart to reconsider the import quota policy for Pakistan for items included in the Preferential Trade Agreement (PTA) and expressed hope that a quota-free market access would help Pakistani exports to grow.
The minister made these remarks in a meeting with Enggartiasto Lukita, Minister for Trade of Indonesia, on the sidelines of the 12th
World Islamic Economic Forum being held in Jakarta, Indonesia.
He said that the barriers to trade which hinder the free flow of products were being phased out in the modern trading system.
The commerce minister appreciated the fact that the Preferential Trade Agreement between both countries was helping the bilateral trade to grow.
The import of Indonesian palm oil has exponentially increased the volume of imports from Indonesia, and in future, Pakistan might start importing coal from the country in large quantities for electricity generation, he added.
Dastgir urged the Indonesian minister for trade to ensure the implementation of the MoU signed between the two countries for purchase of rice from Pakistan.
First review meeting of the PTA was scheduled to be held on August 15 and 16, 2016 in Jakarta, where both sides would share their evaluation of the performance of PTA since its inception.
The review meeting would also propose the future course of action to further strengthen trade ties and enhance bilateral trade. 
The Indonesian minister expressed the desire to find possibilities of converting this PTA into a Free Trade Agreement.He asserted that signing of full scale trade agreement between the two countries would open new avenues for trade in goods, and might lead to a point where both countries agree to expand bilateral preferential treatment to services as well.

Steps under way to export rice from Pakistan to Indonesia’  

FAISALABAD: Indonesian Ambassador Iwan Suyudhie Amri on Tuesday said that Pakistan and Indonesia had inked a memorandum of understanding (MoU) in December last and now they were working to evolve a mechanism for exporting one million tonnes of rice from Pakistan to Indonesia by 2019. Addressing the members of the Faisalabad Chamber of Commerce and Industry (FCCI), he paid glowing tribute to the deceased former ambassador of Indonesia Burhan Muhammad, who worked hard to bolster relations between the two counties. The Indonesian envoy said Pakistan was a very friendly country, and that the two countries should make serious efforts to translate their relations into economic ties.

He said that volume of trade between the two countries was $2.18 billion in 2015 - far less than the actual potential. He said there was no doubt that the balance of trade was in favour of Indonesia, but the real issue was bilateral trade, as in case of China-Indonesia trade, it was in favour of China. He said that exports from Pakistan should increase. He said that the situation of law and order had improved in Pakistan and it would definitely have a positive impact on its exports to Indonesia

http://dailytimes.com.pk/business/03-Aug-16/steps-under-way-to-export-rice-from-pakistan-to-indonesia

Pakistan’s trade share in global market witnesses growth by 5.48pc in five years: NA told