Pakistan and Indonesia have successfully concluded the negotiations process of Comprehensive Economic Partnership Agreement (CEPA) on the 8th round of negotiations held on Sep 16, in Indonesia. According to a statement issued here on Thursday, Pakistan and Indonesia signed the CEPA in November 2005 on the occasion of the visit of the President of Indonesia to Pakistan. Under the provisions of CEPA, in 2006, both countries commenced negotiations to conclude a Preferential Trade Agreement, according to which, the agreement would ultimately create a ‘Free Trade Area’ between the two countries. Now both countries successfully concluded the negotiations process during the 8th round of negotiations held on September 16, 2011 in Jakarta, Indonesia. Under the Agreement, Indonesia agreed to offer market access to Pakistan on 221 tariff lines of on preferential rate. (APP)
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