President Jokowi and Prime Minister Modi Discuss Enhancement of Economic Cooperation

By Office of Assistant to Deputy Cabinet Secretary for State Documents & Translation
Date 12 Desember 2016
Category: News
Read: 4.734 Views
Prime Minister Narendra Modi welcomes President Jokowi at Hyderabad House, New Delhi, Monday (12/12) afternoon (Picture: Press, Media, and Information Bureau/Rusman)

Prime Minister Narendra Modi welcomes President Jokowi at Hyderabad House, New Delhi, Monday (12/12) afternoon (Picture: Press, Media, and Information Bureau/Rusman)

Bilateral meeting between delegations of the Republic of Indonesia, led by President Joko ‘Jokowi’ Widodo, as well as the Republic of India, led by Prime Minister Narendra Modi at Hyderabad House, New Delhi, on Monday (12/12) afternoon local time, discussed enhancement of economic cooperation, in particular trade diversification.

“Indonesia wishes to increase its trade with India and to export more varied products,” the President said when delivering his statement at a joint press conference after the meeting.

At the moment, Indonesia’s export to Indonesia is dominated by Crude Palm Oil (CPO) and coal. The President expected that in the future, Indonesia’ export commodities will be more varied.

On that occasion, President Jokowi also invited India to enhance investment cooperation in pharmacy, information technology, and automotive sectors.

The President was happy because the two countries have signed an MoU of Trade Standardization. He believed that this MoU can increase trade and support economic cooperation.

Meanwhile, regarding people to people contact, President Jokowi said that transportation has an important role in improving the relations between both countries’ people. Therefore, the President announced direct flight from Jakarta to Mumbai by Indonesia’s national airline Garuda Indonesia.

“I am happy to announce that starting today, Garuda Indonesia will fly directly to Mumbai from Jakarta,” the President said.

On that meeting, both leaders signed three MoUs covering several sectors, such as trade standardization, sports, and illegal fishing.

Those MoUs are, as follows:

  1. MoU of Trade Standardization between National Standardization Agency (BSN) and Bureau of Indian Standardization (BIS). The exchange of MoU was carried out by Indonesian and Indian Ministers of Foreign Affairs.
  2. MoU of Youth and Sports Cooperation including information exchange in this sector, involving Indonesia’s and India’s Ministry of Youth and Sports.
  3. Joint Communiqué on Voluntary International Cooperation to Combat IUU Fishing & to Promote Sustainable Fisheries Governance. (UN/BPMI/ES) (MMB/YM/Naster)

 

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