Jakarta, Dec. 11 -- The leaders of Indonesia and Pakistan have agreed to establish a Joint Negotiation Committee (JNC) to upgrade the partnership from the Indonesia-Pakistan Preferential Trade Agreement (IP-PTA) to a Comprehensive Economic Partnership Agreement (CEPA) by 2027.

"The leaders agreed to hold a Joint Negotiations Committee (JNC) meeting as soon as possible to upgrade the existing IP-PTA to a Comprehensive Economic Partnership Agreement (CEPA) by 2027," according to a joint statement by the two leaders at the official residence of the Pakistani PM (PM House), Islamabad, Pakistan, on Tuesday (local time).

The joint statement was delivered during the visit of Indonesian President Prabowo Subianto to Pakistan from December 8-9, ...