Hanoi (VNA) - Prime Minister of New ZealandJacinda Ardern on March 19 stressed the "huge potential" for astronger economic relationship with Indonesia.
At the invitation of Ardern, Indonesian President JokoWidodo paid a visit to New Zealand on March 18-19, as this year marked the 60th anniversary of the establishment of formal diplomatic relationship between thetwo countries.
Both leaders reaffirmed a commitment to increasing two-waytrade in goods to nearly 2.9 billion USD by 2024, building on the platformcreated by the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA).
They emphasised that open, stable and conducive businessenvironments are key to achieving this goal, according to the joint statementissued after the meeting.
The AANZFTA took effect on January 1, 2010 with commitmentto cutting 90 – 100 percent of tariff lines from 2010-2020.
New Zealand’s exports to Indonesia surpassed 70 million NZD from2014-2017.-VNA
New Zealand hails Vietnam’s important role in signing of CPTPP
As the host of the APEC Year 2017, Vietnam played an important role in promoting the signing of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in Chile on March 8, said New Zealand’s Deputy Prime Minister and Minister of Foreign Affairs Winston Peters.