Indonesia and Vietnam Agree to Intensify Trade Cooperation

By Office of Assistant to Deputy Cabinet Secretary for State Documents & Translation     Date 19 Mei 2016
Category: News
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President Jokowi meet with Prime Minister Nguyen Xuan Phuc, Thursday (19/5), at the Radisson Blu Hotel, Sochi, Russia

In a series of working visit in Sochi, Russian Federation, President Joko Widodo had a bilateral meeting with Prime Minister of the Socialist Republic of Vietnam, Nguyen Xuan Phuc, on Thursday (19/5). The meeting held at the Radisson Blu Hotel, Sochi, was the first meeting of the two leaders since Prime Minister Phuc was sworn in as Prime Minister of Vietnam, on April 2016.

At the meeting, the two leaders have agreed to intensify trade cooperation between the two countries to achieve the target of US$10 billion in 2018. “In 2015, we reached US$5,59 billion trade with the trend of the last three years has increased 6.47 percent,” said President Jokowi.

According to President Jokowi, for Indonesia, Vietnam is an important partner in Southeast Asia, especially for rice. Positive rank in economic relations between the two countries occurred after the signing of a strategic partnership between Indonesia and Vietnam in June 2013. Previously, the two countries has exceeded the trade target of US$5 billion in 2013.

In addition to trade, the two heads of government also welcomed the results of the technical meeting of the 8th delimitation of the Exclusive Economic Zone on 22-24 March 2016 and continues to encourage the continuation of negotiations of the maritime boundaries between Indonesia and Vietnam.

At the end of meeting, President Jokowi invited Prime Minister of Vietnam to visit Indonesia.

During the meeting, President Joko Widodo was accompanied by Coordinating Minister for the Economy Darmin Nasution, Minister of Foreign Affairs Retno Marsudi, Minister of Trade Thomas Lembong, Minister of State-Owned Entreprises Rini Soemarno, Minister of Marine Affairs and Fisheries Susi Pudjiastuti as well as Presidential Chief of Staff Teten Masduki. (TKP/UN)(MA/YM/Naster).

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