Indonesia will prioritise importing buffalo meat, rice and raw sugar from India, which agreed to adjust crude palm oil (CPO) tariff for the country earlier this month.
Shipments of Indonesia’s non-oil and gas products overseas have been forecast to grow 8 percent, reaching 175 billion USD in 2019, compared to 162.65 billion USD last year.
Indonesia is looking to seize opportunities from the EU-China trade war to increase its exports and foreign exchange, while replacing imported goods by locally-manufactured counterparts.
Indonesia is committed to accelerating negotiations of the Regional Comprehensive Economic Partnership (RCEP), the Jakarta Post quoted Indonesian Trade Minister Enggartiasto Lukita as saying.
Trade ministers of 16 involving countries have agreed to speed up negotiations so as to sign the Regional Comprehensive Economic Partnership (RCEP) in 2018.
Vietnam and Indonesia discussed specific measures to advance their friendship and multi-faceted cooperation during the seventh meeting of the joint committee on economic, scientific and technological cooperation in Hanoi on August 12.
Vietnam and Indonesia should actively prepare for the 7th session of the Joint Committee on Economic, Scientific and Technological Cooperation to seek more ways to achieve a trade value of 10 billion USD as set.