Indonesia, netherlands discuss economic cooperation

04 July, 2018 | Source: Antara News

Indonesian Foreign Minister Retno Marsudi met with her Dutch counterpart Stephanus Abraham Blok and discussed efforts to increase economic cooperation between both countries.

"The Netherlands is an important partner of Indonesia for economic cooperation in the European market," Foreign Minister Retno Marsudi stated here on Tuesday.

The bilateral meeting between foreign affairs ministers of Indonesia and the Netherlands took place at the Pancasila building at the Ministry of Foreign Affairs of the Republic of Indonesia in Jakarta.

During the bilateral meeting, the two foreign ministers discussed efforts to improve partnership and economic cooperation between Indonesia and the Netherlands, one of which being through negotiation on comprehensive economic partnership between Indonesia and the European Union.

"Indonesia and the European Union are currently negotiating a comprehensive economic partnership, which will be completed soon," Foreign Minister Marsudi noted.

In 2018, Indonesia and the Netherlands enter the fifth year of the Joint Declaration on the Comprehensive Economic Partnership Agreement.

"The Netherlands is the second-largest trading partner in Europe for Indonesia," the Indonesian foreign minister stated.

The value of bilateral trade between Indonesia and the Netherlands reached US$5 billion in 2017.

"Several Indonesian export commodities enter Europe through Dutch ports. Indonesia`s largest export commodity to the Netherlands is palm oil," Foreign Minister Marsudi noted.

In addition, the Netherlands is the seventh-largest investor in Indonesia, with an investment value of $1.49 billion spread across 871 projects by 2017.

Related to the tourism sector, Minister Marsudi stated that the number of Dutch tourists visiting Indonesia had increased by 5.31 percent in 2017 to reach 250,844 people.

Meanwhile, Minister Blok expressed the Dutch government`s keenness to enhance bilateral cooperation with Indonesia.

"Indonesia as the 16th-largest economy in the world and is one of the major economic partners of the Netherlands, and the two countries are now working to improve economic cooperation," Blok stated.

 

Strong consolidation needed to face global economic turbulence Reporter: Agus Salim 3 hours ago President Joko Widodo (Jokowi) addressing at a ceremony commemorating the 50th anniversary of the Indonesian Chamber of Commerce and Industry (Kadin) on Monday night. (Agus Salim) Jakarta (ANTARA News) - President Joko Widodo (Jokowi) reminded the country`s fiscal and monetary authorities and the business of the need for strong coordination and consolidation to face the global economic uncertainties. "Uncertainties in the global condition, trade war between the United States and China, increase in interest rate, crisis in Argentina and Turkey, would necessitate strong consolidation and coordination between the monetary and fiscal authorities and the business sector," Jokowi said addressing a ceremony commemorating the 50th anniversary of the Indonesian Chamber of Commerce and Industry (Kadin) here on Monday night. He said good coordination and consolidation would make it easier to develop the public and market confidence. "It is the same as in developing a corporation. Trust brand is vital. The state needs that. Building up trust and market confidence that the international communities, domestic market believe that we are working seriously to settle state problems," he said. He said Indonesia is a big country with a population of 263 million, the fourth largest in the world, having 17,000 islands and made up of 34 provinces. "It is not easy to manage such big country . Each area has own cases, and requirement different from each other," he added. He said developing Indonesia concerns not only economic and political aspects. "If we are concerned only with economic and political gains we need only to focus on development of Java, which is home to 60 percent of the country`s population, but we think of a nation. We are concerned not only with expanding business empire leaving Papua, North Maluku, NTT and other eastern Indonesian regions to suffer in backwardness," he said. Currently imbalance is still wide in infrastructure between the country`s western, central and eastern regions, he said, adding Indonesia is seeking to catch up with other countries. He cited three years earlier, Indonesia had only 231 water reservoirs and dams as against 6,000 dams in the United States and 110,000 dams in China. "This is fact that has to be presented and we have to do something about it," he said. He also spoke about progress made in the construction of toll roads saying after the Jagorawi toll road was operational until early 2015, Indonesia had only 780 km of toll road as against China`s toll roads totaling 280,000 km. "We need to know the condition we are in before we start working hard to make up for the gap especially in eastern Indonesia," he said. Reporting by Agus Salim Editing by Albert Saragih Editor: Bustanuddin COPYRIGHT © ANTARA 2018 AddThis Sharing Buttons Share to FacebookShare to TwitterShare to Google+Share to WhatsAppShare to LINEShare to PinterestShare to GmailShare to EmailShare to More Prev News Indonesia calls for reconciliation and justice for peace Next News Puan attends UN meeting on world peace Comments
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