RI targets 20% growth in trade with EU
The Jakarta Post, Jakarta | Wed, 05/04/2011 9:25 PM
The government is targeting a 20 percent growth in the total volume of two-way trade between Indonesia and the EU this year, the same rate as 2010, Indonesian Trade Minister Mari Elka Pangestu said Wednesday in Jakarta.
Indonesia and the EU booked US$27 billion in two-way trade last year, with Indonesia's exports to the EU reaching $17 billion.
Mari said the 2011 growth target was fairly high, adding, “before the crisis, the average growth rate was merely between 10 and 15 percent,” as quoted by tempointeraktif.com.
She added Indonesia was optimistic about the target given the January trade volume, which totaled $2.64 billion, a 42 percent increase from the figure in the same period last year.
