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Jakarta Post

RI, Korea link up amid economic pressures

  • Dian Septiari

    The Jakarta Post

Jakarta   /   Fri, September 20 2019   /  02:18 am

President Joko “Jokowi” Widodo’s aggressive efforts to lure more foreign direct investment (FDI) ahead of his second term in office has been warmly met by South Korea, which also sees the need to expand its trade amid “turbulent” economic circumstances in the wider region.South Korea and Indonesia are ambitiously aiming to conclude talks on the Indonesia-Korea Comprehensive Economic Partnership Agreement (IK-CEPA) before the start of Jokowi’s second term on Oct. 20, with a view to announcing the deal at a regional summit in November.Trade Minister Enggartiasto Lukita announced last week the proposal to wrap up trade talks as soon as October, when he meets South Korean counterpart Sung Yun-mo on the margins of the upcoming Trade Expo Indonesia.“Our tentative deadline is to complete in principle the general negotiations on goods and services by Oct. 16,” South Korean Ambass...