KARACHI (APP) Pakistan and Indonesia will hopefully sign the Preferential Trade Agreement (PTA) in January, 2012, said Secretary Commerce Zafar Mehmood here on Sunday. "We are optimistic that PTA would help both the Islamic countries to boost trade from the present volume which hovers around dollars 800 million to 1 billion," he said while addressing the launch of Pak-Indonesia Business Forum (PIBF. The Commerce Secretary who had just returned from Turkey to attend the ceremony, said that he also had successful negotiations with the Turkish counterparts regarding PTA. "Our preference is also to boost garments and fabrics export to Turkey where we have ample opportunities to grab the market," he said. Zafar Mehmood also informed the business community leaders that they will soon also get good news regarding General System of Preference (GSP) with the European Union which would ease the way for exports of Pakistani goods to a number of European countries. Similarly, he said that successful negotiations were underway with the Indian counterparts to boost the trade between the two neighbouring countries. "Government is doing its best to provide maximum facilities to the export-oriented industries with a level playing field to compete with their competitors," he maintained. Speaking on the occasion, the Ambassador of Indonesia, Ishak Latuconsina, said that the establishment of the Business Forum would be a catalyst to boost the trade and business ties between the two countries. He said that Indonesia always gave great importance to its relations with Pakistan. President of PIBF, Abdul Majid Haji Muhammad, highlighted the present trade relations between Pakistan and Indonesia and hoped that Indonesians would also avail the investment opportunities in Pakistan. Provincial Minister for Information Technology, Raza Haroon, Chairman Sindh Board of Investment (BoI) Zubair Motiwala, and prominent business leaders including Siraj Kassem Teli, Majyd Aziz and President Karachi Chamber of Commerce and Industry (KCCI), Mian Abrar Ahmed were also present and highlighted the importance of bilateral trade relations between the two Islamic nations.