70352
Indonesia, Vietnam Strengthen  Trade Ties
Indonesia, Vietnam Strengthen  Trade Ties

Indonesia, Vietnam Strengthen Trade Ties

Indonesia, Vietnam Strengthen Trade Ties

Indonesia and Vietnam have agreed to strengthen bilateral ties in order to enhance trade activities at the ASEAN level, tempo.co. reported. “Our strategy is to strengthen Vietnam’s position as Indonesia’s main regional chain of supply in ASEAN,” said Trade Minister Enggartiasto Lukita on Monday. Enggartiasto said that the strategy is more practical for Indonesia instead of directly competing with Vietnam. He issued his statement during the 7th Indonesia–Vietnam Joint Commission on Economic, Science, and Technical Cooperation held on Saturday. During the event, Indonesia talked about its access into the Vietnamese market on the products of medicines, coal, beef and eggs. Meanwhile, Vietnam highlighted Indonesia’s trade safety policy, horticulture imports and local contents. Enggartiasto explained that the Vietnamese market is the third largest market in ASEAN regions following Indonesia and the Philippines with 93.3 million people and has 70% growth of the middle class.

 

Short URL : https://goo.gl/PPyzHm
  1. https://goo.gl/UD4GFw
  • https://goo.gl/omcozi
  • https://goo.gl/7W7kMw
  • https://goo.gl/gmvGrR
  • https://goo.gl/vBQ4yQ

You can also read ...

China Challenges US Solar Panel Duties
China says it is challenging a US tariff hike on solar panels...
In a retaliatory move, President Recep Tayyip Erdogan’s government on Wednesday announced higher tariffs on some US imports, namely on passenger cars (120%) and leaf tobacco (60%).
Turkey has raised tariffs on some US imports, including...
World trade volume growth peaked in January at almost 5.7% year-on-year but nearly halved to less than 3% by May.
Cyclical indicators point to slower and more uneven growth in...
File picture of Kim Jong-un (L) and Moon Jae-in at the truce village  of Panmunjom, South Korea.
South Korea President Moon Jae-in on Wednesday offered a bold...
Moody’s Predicts Slower Fiscal Progress in S. Africa
South Africa’s fiscal consolidation will be slower than the...
Nigeria CPI Drops to 11.14 Percent
Nigeria’s National Bureau of Statistics says the consumer...
Surging Inflation Mars Philippines Growth
The Philippine economy in 2018 is a story that can be summed...
Transport tickets and fuel have driven up costs for consumers.
Inflation in the UK climbed in the month of the July, as had...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus