Indonesia, India discuss IPEF regional cooperation
Jakarta (VNA) – Indonesian Coordinating Minister for
Economic Affairs Airlangga Hartarto recently met Indian Minister of Trade and
Industry Piyush Goyal in the US to discuss the benefits of Indo-Pacific
Economic Framework (IPEF) regional cooperation.
In a
statement on September 12, Minister Hartarto
said Indonesian and India agree to support each
other’s involvement in the regional cooperation.
The Indian government has expressed its support
for the G20 Presidency of Indonesia, he added.
Minister Piyush, for his part, confirmed his
attendance at the November G20 summit meeting in Bali in November. He hoped for
Indonesia’s support in various economic cooperation, such as palm oil,
taxation, meat, rice, automotive industry, import of tires and coal.
“We need support so that concrete results can
be achieved from the G20 Summit in Bali”, Hartarto said, adding that the
Indonesian government is currently boosting bilateral cooperation to increase
trade volume and also accelerate economic recovery.
The target for cooperation between Indonesia
and India is 50 billion USD, where currently the trade volume is around USD 17
billion, he said.
The meeting also discussed the development of
cooperation in the pharmaceutical sector with the possibility of India building
a manufacturing facility in Indonesia.
Regarding collaboration between India’s Andaman
island and Indonesia’s Nicobar island, Hartarto called for promoting specific
cooperation in the joint task force between the Indian Government and Aceh
provincial authorities./.