Indonesia Trade Deals with US, Spain and More?
The have been reports on potential trade ties between Indonesia and several other countries that are around the world. In this article, we would be sharing brief details as to to potential trade deals that could happen between these countries
Potential Trade with the United States
At the meeting of G 20 held in Hamburg, Germany earlier this month, United States President Donald Trump met up with Indonesian President Joko Widodo. During the meeting, President Trump told reporters that him and President Joko Widodo have become friends and says that they would be ” a lot of deals together”, indicating potential trade deals between the United States and Indonesia.
Currently, both countries do not have a significant trade relationships with each other and both countries wish to improve trade ties with each other.
President Joko Widodo expressed warm greetings from President Donald Trump’s fans in Indonesia, whom mentioned that there are millions of people who are ardent fans of the current President of the United States and they are eager to know when would he be visiting Indonesia. President Trump responded saying ” We will get there, it is a place that I would like to go”.
Potential Trade with Spain
Also at the G 20 summit was the Prime Minister of Spain, Mariano Rajoy Brey. Both leaders expressed the desire to improve trade relations with each other, with President Joko Widodo stating that Indonesian and Spanish Trade values have declined 5.76 percent each year.
President Joko Widodo stated that Indonesia is willing to improve the trade relationships between Indonesia and Europe (including Spain) with the Indonesia-EU Comprehensive Economic Partnership Agreement (IEU-CEPA). Furthermore, President Joko Widodo expressed his hopes for Spain to treat Indonesian Palm oil products fairly in a time where the negative campaigns against products in the European Market.
President Jokowi mentioned that he hopes that a standardisation of timber and wood products through the Forest Law Enforcement, Governance and Trade agreement can be applied to Indonesia’s palm oil products too.
At the end of the meeting between the leaders of both countries, Prime Minister Brey of Spain reiterated Spain’s support for Indonesia as a nominee for the non-permanent membership of the United Nations Security Council for the period of 2019 to 2020.
Other possible countries to partner Indonesia
There are several other countries such as Nigeria and South Africa, which could eventually end up signing trade deals with the Indonesian government to boost trade between businesses of both countries. In the upcoming articles, we would be sharing more information in depth relating to the specific countries and more.
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