Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Indonesia targets $10b trade with Vietnam by 2020: Jokowi

  • News Desk

    The Jakarta Post

Jakarta   /   Wed, September 12, 2018   /   10:58 am
Indonesia targets $10b trade with Vietnam by 2020: Jokowi President Joko “Jokowi” Widodo (left) shakes hands with his Vietnamese counterpart Tran Dai Quang at the Presidential Palace in Hanoi on Sept. 11. (Reuters/Pool/Luong Thai Linh)

The government aims to increase trade with Vietnam to US$10 billion annually from $6.8 billion, last year, with President Joko “Jokowi” Widodo on a visit to the country. 

Jokowi arrived in Hanoi on Tuesday after concluding his visit to South Korea.

“In the last three years, our trade with Vietnam had seen an increase to $6.8 billion. We hope that in 2020, our trade will reach $10 billion,” said Jokowi in a statement on Wednesday.

Meanwhile, during Jokowi’s visit to South Korea, Indonesia signed agreements worth 5.76 billion. The President targeted $30 billion trade with the country by 2020.

While meeting with Vietnamese President Vietnam Trần Đại Quang in Hanoi on Tuesday, Jokowi said he had called on the Vietnamese government to eliminate trade barriers. 

“I have asked President Trần Đại Quang to eliminate trade barriers, including those for automotive products from Indonesia,” Jokowi said, adding that during the meeting, he had also expressed the wish of Indonesian investors to develop their businesses in Vietnam.

During Jokowi’s visit, Indonesia and Vietnam signed a joint communique on fighting illegal, unreported and unregulated (IUU) fishing. The two leaders also agreed to intensify negotiations on an exclusive economic zone. (bbn)