Jakarta, Feb. 13 -- Indonesia and Uzbekistan are ready to launch negotiations on the preferential trade agreement (IU-PTA). Indonesian Trade Minister Budi Santoso said the IU-PTA can be an opportunity for Indonesia to expand its market, considering that Uzbekistan has the largest population in the Central Asian region of 36.5 million and is a non-traditional trading partner of Indonesia.
The negotiations are part of the concrete steps of the Ministry of Trade's priority programme to expand the export market, Santoso said after a meeting with Uzbek Foreign Minister Bakhtiyor Saidov on February 11. At the meeting, he also encouraged Uzbekistan to immediately form the Joint Working Group (JWG) on Indonesia-Uzbekistan Trade and Investment.
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