Indonesia to Highlight Trade Co-op Agreement in Services at APEC

Translator

Editor

Kamis, 1 Januari 1970 07:00 WIB

TEMPO.CO, Jakarta - The Indonesian government will highlight the cooperation agreement for trade in services at the Asia-Pacific Economic Cooperation (APEC) summit in Manila, the Philippines, on November 18-19.


The statement was delivered by Trade Minister Thomas Lembong while updating Vice President Jusuf Kalla on Indonesias preparations for the APEC summit on Tuesday.


"The main agenda that had been proposed and undertaken last year was an agreement for trade in services," Lembong stated.


A ministerial-level cooperation agreement had been reached in the Asia-Pacific region through the APEC Service Agreement.


"We often discuss trade in terms of goods. In fact, trade in services is large and important for the community," he pointed out.


The minister remarked that the government is making efforts to boost trade in services, considering the fact that trade in goods has developed optimally.


"We are competitive in the trade of goods. The trade in jewelry, crafts, and automotive components has grown significantly," he affirmed.


Earlier, the Indonesian government had planned to raise three main issues at the APEC summit scheduled to be held in Manila, the Philippines on November 18-19.


The statement was delivered by Foreign Affairs Minister Retno L.P. Marsudi while reporting to Vice President Jusuf Kalla on Tuesday.


"I and the Trade Minister Thomas Lembong have reported to the vice president on Indonesias preparations for the APEC summit to be held in Manila on November 18-19," Marsudi remarked on Tuesday.


The three major issues to be highlighted by the Indonesian delegation are commodities that support sustainable development, infrastructure cooperation, and maritime collaboration.


"These are ongoing issues that we plan to raise during the summit," she emphasized.


Marsudi and Lembong will leave for Manila to attend a series of ministerial-level meetings on the sidelines of the APEC summit.


Vice President Kalla and his entourage are scheduled to undertake a working visit to the Philippines on November 17-20.



ANTARA




Related News

Indonesia, Vietnam Target Bilateral Trade of US$18 billion by 2028

6 hari lalu

Indonesia, Vietnam Target Bilateral Trade of US$18 billion by 2028

Indonesia, and Vietnam have agreed to target bilateral trade worth US$18 billion or more by 2028.

Read More

Statistics Indonesia: Iran-Israel Conflict Bears No Significant Impact on Indonesian Trade

9 hari lalu

Statistics Indonesia: Iran-Israel Conflict Bears No Significant Impact on Indonesian Trade

Statistics Indonesia or BPS assesses that the geopolitical conflict between Iran and Israel has no significant impact on Indonesian trade.

Read More

Trade Minister Inspects Prices of Basic Commodities at Bogor Market

44 hari lalu

Trade Minister Inspects Prices of Basic Commodities at Bogor Market

Minister of Trade Zukifli Hasan visited the Kebon Kembang Market in Bogor City, West Java Province, to inspect the prices of basic commodities.

Read More

Indonesia, New Zealand Explore Partnership on Halal Products

47 hari lalu

Indonesia, New Zealand Explore Partnership on Halal Products

Indonesian Foreign Affairs Minister Retno Marsudi met with her New Zealand counterpart Winston Peters in Jakarta on Thursday, March 14.

Read More

Indonesia Aims to Surpass Vietnam's EU Trade After IEU-CEPA

55 hari lalu

Indonesia Aims to Surpass Vietnam's EU Trade After IEU-CEPA

Trade Ministry is convinced that the country's foreign trade performance will surpass that of Vietnam after the completion of IEU-CEPA.

Read More

New Zealand, Indonesia Discuss Boosting Trade and Pacific Cooperation

56 hari lalu

New Zealand, Indonesia Discuss Boosting Trade and Pacific Cooperation

Indonesia and New Zealand discuss increasing trade and Pacific cooperation in their meeting on the sidelines of the ASEAN-Australia Special Summit.

Read More

Indonesia's 2020 Trade Balance with Egypt at US$1.17bn Surplus

23 Februari 2024

Indonesia's 2020 Trade Balance with Egypt at US$1.17bn Surplus

The Trade Ministry recorded Indonesia's trade balance with Egypt stood at a surplus of US$1.17 billion (Rp18.22 trillion) as of December 2023.

Read More

Indonesia Expands Trade Market Access to Anticipate Japan's Recession

17 Februari 2024

Indonesia Expands Trade Market Access to Anticipate Japan's Recession

The Indonesian government plans to complete various trade negotiations to expand the market's access to global trade.

Read More

EU, ASEAN Agree to Intensify Investment and Trade Relations

4 Februari 2024

EU, ASEAN Agree to Intensify Investment and Trade Relations

24th ASEAN-EU Ministerial Meeting, held in Brussels, Belgium, on Feb 2, agreed to further intensify trade and investment relations between countries

Read More

Lake Ranau Tourism Market Development to Boost Trade in West Lampung, Says Minister

25 Januari 2024

Lake Ranau Tourism Market Development to Boost Trade in West Lampung, Says Minister

The government is developing the Lake Ranau Tourism Thematic Market in West Lampung, Indonesia to boost trade transactions in Lampung.

Read More