Tuesday, 18 June 2019 | 13:36 WIB

Trade Minister visits Swiss and Spain along with Textile and Palm Oil Entrepreneurs

Minister of Trade Enggartiasto Lukita

JAKARTA NNC - Minister of Trade Enggartiasto Lukita made a bilateral visit and lead a series of Indonesian trade missions to Switzerland and Spain on October 1-4 2018 to improve trade cooperation.

In Zurich, Minister Enggar will hold bilateral talks with the Federal Councilor / Swiss Economic Minister Johann N Schneider Ammann to discuss the finalization of the Indonesian negotiations - the European Free Trade Association Comprehensive Economic Partnership Agreement (IEFTA-CEPA).

"Through a  trade mission and other meetings, its expected to open market access and broader trade benefits not only to the Swiss and Spanish markets, but also to the EFTA market, the European Union and global market. This opportunity is also a direct tool for entrepreneurs from both countries to boost trade

EFTA countries consisting of Iceland, Liechtenstein, Norway and Switzerland are the countries with the highest per capita income in the world.

During a work visit to Madrid, Spain, Minister Enggar will be the keynote speaker at the European Palm Oil Conference (EPOC) 2018 and hold a bilateral meeting with Spanish Industry, Trade and Tourism Minister Maria Reyes Maroto Illera.

The meeting was set to further discuss the development of Indonesia EU CEPA, in addition to bilateral issues between the two countries.

Minister Enggar will also attend a business forum and business matching held in Zurich on October 2 and in Madrid on October 4.

The Indonesian delegation comprising representatives of palm oil association, and entrepreneurs in the field of oil palm, textile and textile products, paper and paper pulp, coffee, jewelry, copper crafts, and paper products.

"The business forum and business matching are Indonesia's strategy to boost exports by directly promoting to the intended international buyers," Minister Enggar said.

Throughout 2018, the Ministry of Trade has successfully conducted eight trade missions by generating transaction / potential transactions worth $10.2 billion.

Meanwhile, the total trade between Indonesia and Spain in 2017 valued at $2.51 billion, with a trade balance surplus for Indonesia valuing $1.51 billion.