Pezeshkian enacts Preferential Trade Agreement with Indonesia

Iran’s President Masoud Pezeshkian has signed into law the Preferential Trade Agreement (PTA) between Iran and Indonesia after it was approved by the Iranian parliament.

News ID: ۲۰۰۰۱۵۷

13 October 2024

EghtesadOnline: The president enacted the deal on Sunday and issued a directive to ministries of industry and foreign affairs to implement it.

The agreement was approved by Iran’s Parliament on September 24 and ratified by the Guardian Council on October 2.

Iranian Parliament Speaker Mohammad Bagher Ghalibaf, on October 8, formally informed President Pezeshkian of the approval of the PTA law between the governments of Iran and Indonesia, after it was approved by lawmakers.

The agreement, initially signed in Tehran on June 20, 2005, aims to bolster trade ties between the two countries by reducing tariffs and removing non-tariff barriers. / Mehr