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Jakarta Post

In New Delhi, Indonesia, India seek new strategy to reach trade target

  • Dian Septiari
    Dian Septiari

    The Jakarta Post

PREMIUM
Jakarta   /   Sun, December 15, 2019   /  05:12 pm
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Foreign Minister Retno Marsudi and Indian Foreign Minister Subrahmanyam Jaishankar cochaired the sixth Joint Commission Meeting in New Delhi on Friday. (Foreign Ministry/Foreign Ministry)

Indonesia and India are working to find a new strategy to achieve a bilateral trade target of US$50 billion within the next five years, Foreign Minister Retno Marsudi said as she sought to strengthen Indonesia’s palm oil exports to India. Together with her Indian counterpart Subrahmanyam Jaishankar, Retno cochaired the sixth Joint Commission Meeting in New Delhi on Friday -- during which they renewed the economic commitment. "Through this meeting, the two countries are determined to increase cooperation, especially through a new strategy to achieve a bilateral trade target of US$50 billion in 2025," Retno said in a press statement. The meeting follows a discussion between President Joko “Jokowi” Widodo and Prime Minister Narendra Modi on the sidelines of the ASEAN Summit last month, during which they agreed to find measures to achieve the trade target...