Indonesia and Bangladesh have stressed on early signing of a Preferential Trade Agreement (PTA) within the ambit of which potential export items from both the countries would be allowed to enter duty-free even as Bangladesh has, reportedly, requested Indonesia to offer its readymade garments duty-free benefits and not to impose safeguard measures on its textile products.
Both the countries held their first ever Foreign Office Consultations (FOC) on 29 April (Thursday), maintained reports adding Bangladesh and Indonesia agreed to complete the signing of pending agreements on a fast-track basis, pursue sector-specific agenda and do the needful to expand the volume of bilateral trade and investment even as Bangladesh Foreign Secretary Masud Bin Momen and Director General for Asia Pacific and Africa, Ministry of Foreign Affairs, Republic of Indonesia, Abdul Kadir Jailani led their respective delegations at the consultations and the two sides comprehensively reviewed the present status of bilateral relation between the two countries.
