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Parliament reforms trade deal with Indonesia
The Parliament removed those inconsistencies found earlier by Iran’s Guardian Council, IRNA reported on Sunday.
It was in mid-May that the Iranian Parliament approved the PTA between Tehran and Jakarta.
On May 26, the director general of the East Asia-Pacific Office of the Trade Promotion Organization of Iran (TPOI) announced that the PTA was signed between Iran and Indonesia to enhance trade-economic ties. Kaveh Daliri said Indonesia is a lucrative market for the Iranian products.
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 the southeast Asian country is a good and profitable market for the Iranian products, Daliri
underlined.