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View all search resultsBorrell, who was speaking at a press briefing after talks with his Chinese counterpart, Foreign Minister Wang Yi, said "we need fairness, balance and reciprocity in order to remain as open as we are and want to be".
The RCEP, which represents nearly one-third of the global economy, is expected to grow the Indonesian economy by 0.05 percent between 2021 and 2032, according to an estimate from the Finance Ministry’s Fiscal Policy Agency.
Several refineries, once completed, are expected to double Indonesia’s fuel output, enabling Pertamina to meet the country’s growing transportation fuel demand without raising fuel imports, a major contributor to the nation’s trade deficit.
Indonesia’s trade balance swung back to a trade deficit of US$350 million in April on the back of falling commodity prices and plummeting global demand amid the COVID-19 pandemic, Statistics Indonesia (BPS) has announced.
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