Indonesian Ambassador to Pakistan Iwan Suyudhie Amri has said there is huge potential to increase bilateral trade between the two Muslim brotherly countries. Speaking at the 'Palm Oil Seminar' jointly organised by Indonesian Embassy and Apical Pakistan here on Saturday said that both countries were enjoying very good trade relations however there was a huge potential to increase these relations to higher level.

He pointed out that there were many sectors where cooperation could be increased. He said palm oil was playing a big role in bilateral trade between the two countries as Pakistan was one of the big importers of palm oil from Indonesia.

Advisor to the Ministry of Maritime Affairs Mahmood Moulvi said the government was focusing in development of shipping industry. In the new shipping policy the government of Pakistan is inviting private sectors to invest in this sector that has potential to grow further.

He said Pakistani and Indonesian investors could invest in that sector that would be beneficial for both of them. Naveed Gilani, Country Head, Apical Pakistan also spoke on this occasion and highlighted the trade issues. Indonesia is the largest palm oil exporter in the world with its total shares of over 54.5 percent in the global trade of palm oil. Large number of businessmen, importers, exporters and other attended the seminar.