ISLAMABAD, Feb 10 (TNS):Ambassador of the Republic of Indonesia to Pakistan, Adam Mulawarman Tugio on Thursday said that Pakistani businessmen should play their due role in promoting trade and investment in emerging Association of South East Asian Nations (ASEAN) markets like Indonesia.<\/p>\n
In the US$ 1 trillion annual Gross Domestic Product (GDP) market of Indonesia, there are ample opportunities for the Pakistani business community for trade and investment to enhance the bilateral business ties with Indonesian traders, which could benefit the business community of both countries, he said.
\nThe Indonesian envoy said this while hosted a dinner in the honour of delegation of Rawalpindi Chamber of Commerce and Industry (RCCI) led by the RCCI President Chaudhry Nadeem A Rauf, including Group Leader RCCI Sohail Altaf, RCCI Senior Vice President Asim Malik, Vice President Tallat Mahmood Awan, former RCCI president Mohammad Nasir Mirza, former RCCI president Syed Asad Mashadi and Member Executive Committee Usman Shoukat, said a press release issued here.
\nIndonesia emerged as the only economy of US$ 1 trillion in ASEAN and Islamic world and both the countries have great potential for cooperation in all fields including tourism, trade, e-commerce and defense.
\nHe said Pakistan and Indonesia have great potential for cooperation in all fields including tourism, trade, textiles, auto mobile, pharmaceutical and e-commerce.
\nThe envoy said that Indonesia has a rich culture of tourism and hospitality and the government wants to increase this sector to 10% of the annual national income, but due to the current wave of COVID- 19 ,\u201cWe have not been able to achieve our targets in the tourism sector, which we are trying our best to meet.\u201d
\nIndonesia has Bali and other beautiful islands, which are the center of world tourism.
\nHe said that there are many attractive opportunities for people going to Indonesia for tourism from Pakistan.
\nAll tourism facilities in Indonesia including cheap hotel accommodation are affordable and suitable for foreign tourists, he said.
\nIndonesia can also share experiences with Pakistanis such as promoting its tourism and in this regard new avenues of cooperation can be opened between the two countries.
\nHe said that Pakistan and Indonesia are among the most beautiful countries in the world and both countries can benefit from each other\u2019s experiences.
\nHe said that the automobile sector in Indonesia is doing a lot of work in car production and Indonesia is also exporting cars and other small vehicles.
\nIn this regard, a lot of work is being done in the automobile sector with the cooperation of Japan, in which cooperation with Pakistan may increase in the near future.
\n\u201cIn the pharmaceutical sector, Indonesia buys its raw materials from the local market, so there is no issue of cost of doing business and our pharmaceutical products are cheaper than other countries,\u201d he said.
\nThe Pakistani pharmaceutical sector in this regard can work in the Indonesian market in this sector and it can open new avenues of cooperation.
\nHe said that the huge market of ASEAN countries with a population of 650 million has huge economic opportunities for Pakistan. which are being discussed in both the countries.
\nHe said that Indonesia is a diverse society, where all religions and cultures are respected. There are many Buddhist places of worship in Pakistan too.
\nIn addition, Pakistan, an emerging country in the field of information, local youth have a lot of expertise in this field.
\nWith online connections and a boost in Information Technology (IT), young people from both the countries benefit from each other\u2019s experiences and skills to promote economic and cultural integration.
\nThe Ambassador said that Pakistan and Indonesia are countries with large youth populations that can make their mark in the global e-commerce trade and create vast employment opportunities in both the countries.
\nHe said Indonesia has set a US$50 billion e-commerce trade target by 2025 to connect with the biggest sector of global trade.
\nAmbassador said that Pakistan and Indonesia can be linked with e-commerce trade to increase bilateral trade as well as connect both sides\u2019 youth in connection of business and trade.
\nDiscussing the cultural and educational ties between the two countries, he said 11 percent of scholarships were awarded to Pakistani students this year, which was 52 percent of developing countries. He said this year 60 Pakistani students went to Indonesian universities to study.
\nHe said that Pakistan and Indonesia have historical religious, political, diplomatic and economic ties, which can be used to further strengthen economic and trade ties between the two countries.
\nPresident RCCI, Chaudhry Nadeem A. Rauf called for enhanced cooperation between Pakistan and Indonesia in various sectors including Pharmaceuticals and automobiles and called for enhanced cooperation between the business communities of the two countries.
\nOn this occasion, he suggested that the RCCI should hold a business conference in Indonesia in the coming months, on which the two sides hinted at initial talks.
\nHe said that the pharmaceutical sector would lead this business conference and both sides agreed on this and hinted at more.
\nHe emphasized that cooperation between the two countries in the automobile sector and in the sale and purchase of small vehicles could be enhanced.
\nGroup Leader RCCI, Sohail Altaf on the occasion said that there was a need for exchange of business delegations between Pakistan and Indonesia in order to increase bilateral trade and investment opportunities.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD, Feb 10 (TNS):Ambassador of the Republic of Indonesia to Pakistan, Adam Mulawarman Tugio on Thursday said that Pakistani businessmen should play their due role in promoting trade and investment in emerging Association of South East Asian Nations (ASEAN) markets like Indonesia. In the US$ 1 trillion annual Gross Domestic Product (GDP) market of Indonesia, […]<\/p>\n","protected":false},"author":1,"featured_media":101335,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59,54,23],"tags":[],"class_list":["post-101334","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-islamabad","category-national"],"_links":{"self":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/101334","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=101334"}],"version-history":[{"count":1,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/101334\/revisions"}],"predecessor-version":[{"id":101336,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/posts\/101334\/revisions\/101336"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=\/wp\/v2\/media\/101335"}],"wp:attachment":[{"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=101334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=101334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tns.world\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=101334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}