Indonesia has set a target of raising its trade turnover with China’s Taiwan from the current 7 billion USD to 10 billion USD in the next three years.
The country’s Deputy Trade Minister Bayu Krisnamurthi affirmed that Taiwan is a potential market for its products, adding that increasing the export value to this territory is part of efforts to improve the current account deficit in Indonesia.
Last year, it enjoyed a trade surplus of 2 billion USD with Taiwan and the figure is expected to widen to 4 billion USD in the next three years.
The official also said that during his recent visit to Taiwan, the territory’s authorities and businesses asked Indonesia to intensify its export of wood products, coffee, instant noodle, and chili sauce.
There are now 220,000 Indonesian workers in Taiwan. The territory is one of the big investors in Indonesia, with the total capital of 646.9 million USD in 2012.-VNA
The country’s Deputy Trade Minister Bayu Krisnamurthi affirmed that Taiwan is a potential market for its products, adding that increasing the export value to this territory is part of efforts to improve the current account deficit in Indonesia.
Last year, it enjoyed a trade surplus of 2 billion USD with Taiwan and the figure is expected to widen to 4 billion USD in the next three years.
The official also said that during his recent visit to Taiwan, the territory’s authorities and businesses asked Indonesia to intensify its export of wood products, coffee, instant noodle, and chili sauce.
There are now 220,000 Indonesian workers in Taiwan. The territory is one of the big investors in Indonesia, with the total capital of 646.9 million USD in 2012.-VNA
