Indonesia interested in establishing trade agreement with Tanzania

Faizah Kamal 19-Dec-2019

The Indonesian government has expressed interest in establishing a Preferential Trade Agreement (PTA) with Tanzania to increase the prominence of their bilateral trade.

The PTA would reduce barriers to tariff trade and is expected to encourage trade between the two countries, wrote Luhut Binsar Pandjaitan, the Coordinating Minister for Maritime Affairs and Investment in a written statement in Jakarta on December 18.

“If possible, Indonesia would like to propose to establish a bilateral PTA with Tanzania. I also note that Tanzania is a member of the East African Community (EAC),” he said during his working visit to Tanzania, East Africa, on December 17.