The four-day event showcases various goods and services, ranging from leather, cotton, surgical instruments, sporting goods, home décor, gems and jewels to agriculture products, aims to pocket more than US$1 billion worth of transactions.

“We are trying to highlight the trade potential of our country. Our objective is to show the world that our competitiveness is not limited to a few products,” Muhammad Usman, commercial attache with the Pakistan Embassy in Indonesia told The Jakarta Post on Thursday.

Pakistan, which is reforming its economy following internal security issues, booked a trade deficit that fluctuated between $19 billion and $26 billion from 2012 to 2016, Trademap data shows.

The deficit declined 22.3 percent to $20.5 billion in 2016. The county’s major export commodities are textile and clothing, cotton, cereals and leather.

Indonesia is Pakistan’s fourth-biggest importer with 4.4 percent market share. The Southeast Asian country has been enjoying a $2 billion surplus over the past five years.

Two-way trade between the two countries improved as of August, with exports from Indonesia having increased 28.2 percent to $1.6 billion, while imports from Pakistan increased 39.7 percent to $128.9 million.  (bbn)

Popular

Kadin urges stability after Constitutional Court ruling

Jokowi says transition to new government to begi

BCA loan disbursement surges 17.1 percent yoy in first quarter