Indonesia, netherlands discuss economic cooperation

Indonesia, netherlands discuss economic cooperation


Jakarta — Indonesian Foreign Minister Retno Marsudi met with her Dutch counterpart Stephanus Abraham Bok and discussed efforts to increase economic cooperation between the two countries. “The Netherlands is an important partner for economic cooperation in the European market,” Foreign Minister Retno Marsudi stated here on Tuesday (03/07). 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 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 cooperation partnership, which will be completed soon,” Foreign Minister Marsudi noted. In 2018, Indonesian and the Netherlands after the fifth year of the Joint Declaration of 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 IndonesianĀ  export commodities enter Europe through Dutch ports. Indonesia’s largest export commodity to the Netherlands is palm oil,” said the foreign minister. In addition, the Netherlands is the seventh largest investor in Indonesia, with a investment value of $1.49 billion spread across 871 projects by 2017. Related to the tourism sector, Minister Marsudi stated that the number Dutch tourists visiting Indonesia had increased by 5.1 percent in 2017 to reach 250,844 people. Meanwhile, Minister Bok 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 in the Netherlands, and the two countries are now working to improve economic cooperation,” Blok stated.

Source: Antaranews