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Tehran, Jakarta sign PTA to lift bilateral trade: TPOI
Kaveh Daliri said Indonesia is a lucrative market for the Iranian products, IBENA reported.
Increasing the trade exchanges and joint cooperation between the two countries is the main objective behind signing the agreement, he said, adding that countries facilitate the process of entering each other’s markets by considering the tariff discounts.
The two countries intend to set up a joint committee for the operationalization of the preferential trade agreement which is tasked with monitoring and updating the lists and discounts that Iran and Indonesia consider for each other.
Indonesia has the highest number of Muslim population in the world, so that this southeast Asian country is a good and profitable market for the Iranian products, Daliri underlined.
Once the preferential trade agreement is signed, the volume of the trade exchanges between the two countries will considerably increase, the director general emphasized.
Raw materials for edibles, oil-based materials, medical equipment with high added value, electronic parts are of the export products that the two sides have considered discounts, the TPOI official added.
On May 17, the Iranian Parliament gave go-ahead to PTA with Indonesia. The lawmakers passed a bill on the preferential trade agreement between Iran and Indonesia after discussing a report from the Parliament’s Economic Commission in that
regard.