ISLAMABAD: Pakistan and Indonesia signed seven memoranda of understanding on Tuesday to deepen cooperation in trade, education and health, with Prime Minister Shehbaz Sharif saying Islamabad aimed to narrow a $4.5 billion bilateral trade imbalance heavily tilted in Jakarta’s favor.
The agreements were concluded during Indonesian President Prabowo Subianto’s two-day visit to Pakistan, his first trip to the country since taking office and the first by an Indonesian head of state in seven years.
Subianto, who arrived on Monday, held detailed talks with Sharif before the signing ceremony.
“Our discussion has been extremely productive,” Sharif said at a joint media appearance. “More than 90 percent of our current imports from Indonesia are palm oil. We have discussed how to take corrective measures to balance this through Pakistan’s agri-exports, IT-led initiatives and other areas.”
Sharif earlier noted Pakistan’s bilateral trade with Indonesia stood at around $4.5 billion, with the imbalance overwhelmingly in Jakarta’s favor.
Subianto thanked Pakistan for what he called an exceptionally warm welcome, noting his aircraft had been escorted by Pakistan Air Force JF-17 fighter jets.
He said the meeting had produced agreements across several fields, including trade, agriculture, education and science and technology.
The Indonesian president also welcomed Pakistan’s offer to help his country address critical shortages of medical professionals.
“Indonesia has vast needs for doctors, dentists and medical experts, and Pakistan’s support in this regard is strategic and critical,” he said.
Sharif noted Pakistan would be ready to send doctors, dentists and medical professors to assist Indonesia’s plans to expand its medical colleges and universities.
He added that Islamabad would “work closely and diligently” with Jakarta to achieve the targets set during the visit.
Subianto said both countries were also coordinating closely on foreign policy, particularly on developments in Gaza, and reaffirmed Indonesia’s support for a two-state solution.
He invited Sharif to visit Jakarta to deepen cooperation under the new agreements.
Pakistan and Indonesia marked the 75th anniversary of diplomatic ties this year, with both leaders saying the visit would help lift relations to what Sharif called “a much higher level” in trade, development and people-to-people links.
