Trade Minister: Indonesia Eyeing Turkey as New Export Hub

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  • TEMPO.CO, Jakarta - Indonesian Trade Minister Enggartiasto Lukita says that the government is targetting Turkey as the new export hub to reach markets in the Middle East, South Europe, and North Africa regions.

    The minister views that it is possible to happen should the Indonesia-Turkey Comprehensive Economic Partnership Agreement (IT-CEPA) is being realized. Enggar claims that both governments have agreed to complete the IT-CEPA meeting this year.

    "Indonesia and Turkey view each other as potential hubs to reach the market in each area. Indonesia, for example, may use Turkey as the gate to enter the Middle East, South Europe, and North Africa markets,” he said in a statement Saturday, July 13.

    Enggar continues that Tukey may also use Indonesia as the base to enter ASEAN markets with its 600 million society or the area of Regional Comprehensive Economic Partnership (RCEP) with 3.5 billion people in it.

    Minister Enggar and Turkey's trade minister Ruhsar Pekcan, therefore, agree to also discuss two-way investment in the current IT-CEPA discussion.

    Meanwhile, the Indonesian Ambassador in Ankara, Lalu Muhamad Iqbal, will facilitate the communication with the Turkey side in relation to push the IT-CEPA completion or to report the trade obstacles faced by Indonesia in Turkey's market to the Trade Minister in Jakarta.

    Ambassador Iqbal explains that Indonesian products are very competitive in Turkey's market, adding that the improving economic performance of Indonesia has attracted businesses in Turkey to cooperate with Indonesia either in trade sector or investment.

    “If it's realized, the CEPA between the two countries could push up each of its trade values and support the two-way investment," Iqbal remarks.

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