Wednesday, 19 September 2018 | 20:24 WIB

Jokowi Aims Indonesia-Vietnam Trade to Reach $10 Billion in 2020

President Joko Widodo and First Lady Iriana Jokowi arrived at Vietnam for a state visit

JAKARTA, NNC - Indonesia and Vietnam are committed to increasing cooperation in the trade sector. The trade trends of the two countries, which have continued to increase over time, will continue to be explored for their potential and developed for the progress of the two countries.

This was conveyed by President Joko "Jokowi" Widodo in a joint press statement after meeting Vietnamese President Trần Đại Quang at the Vietnam Presidential Palace, Hanoi, on Tuesday.

"In the past three years our trading trend has been quite good and reached a value of $6.8 billion. We want our trade to reach $10 billion by 2020," he said.

Jokowi conveyed one of the efforts to be carried out by the two countries is to eliminate trade barriers which currently still occur including exports of Indonesian automotive products.

"I have asked the attention of President Trần Đại Quang so that trade barriers can be eliminated, including Indonesian automotive products," said Jokowi quoted from the official website of Cabinet Secretary, Wednesday (9/12/2018).

On that occasion, the Head of State also expressed the desire of Indonesian investors to develop their investments in Vietnam. For information, Indonesian investors are one of the oldest and first investors in Vietnam.

"Therefore, I left message to President Trần Đại Quang to be able to protect Indonesian investors and provide fair and good treatment," he added.

Furthermore, Indonesia and Vietnam will also increase cooperation in eradicating illegal fishing in their respective waters and agree to intensify the settlement of the discussion of the Exclusive Economic Zone (EEZ) of the two countries.