Three Factors Drive RI-China Economic Relationship: Minister

    Ilham wibowo - 24 September 2019 16:35 WIB
    Three Factors Drive RI-China Economic Relationship: Minister
    Trade Minister Enggartiasto Lukita (Photo:MI/Susanto)
    Shanghai: Trade minister Enggartiasto Lukita stated that Indonesia is ready to improve commercial and investment cooperation with China.

    The message was delivered during the Indonesia Business Infrastructure and Investment Forum in Shanghai, China.

    “China is one of Indonesia’s primary partners in commerce and investment," Enggartiasto said in a written statement released on Tuesday, September 24, 2019.

    As a result, we must improve commercial and investment cooperation between Indonesia and China,” he added.

    According to the Indonesian mnister, the bilateral relationship between Indonesia and China is important because it covers three main economic drivers namely trade, investment and infrastructure. 

    “Apart from crude oil, Indonesia and China have their respective main commodities which can help improve our trade relations,” said Enggartiasto.

    During the meeting, the minister also stated that Indonesia is currently negotiating Regional
    Comprehensive Economic Partnership (RCEP) which is expected to be concluded at the end of this year.

    Apart from RCEP, the minister added that Indonesia just recently ratified trade agreement with
    Chile and European Free Trade Association (EFTA) and it has also expanded its access to non-
    traditional markets such as Turkey, Tunisia and other potential African countries.

    As a result, Enggar also convinced that Indonesia is the most strategic international commercial
    hub in Southeast Asia.

    Moreover, the minister has also asked both countries to find and execute ways which can
    accelerate the bilateral commercial cooperation improvement, one of which is to intensify the
    implementation of ASEAN-China Free Trade Agreement.

    He aded that obstacles which can undermine bilateral commercial and investment cooperation
    should be erased. (Translator:Muhammad Gestinev)



    (WAH)

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