Vila Times

New Zealand to increase trade and investment relations with Indonesia

New Zealand to increase trade and investment relations with Indonesia
New Zealand to increase trade and investment relations with Indonesia
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Indonesian President Joko Widodo and New Zealand`s Prime Minister Jacinda Ardem discussed economic cooperation improvement in a meeting at the Parliament Building in Wellington.

According to a press release from Presidential Secretariat, improving economic cooperation was important for the two countries, Antara News reports.

As open economies, Indonesia and New Zealand signaled trade and investment relations could be built to produce mutually beneficial relations.

“Trade relations are not zero-sum game. Therefore let us try to settle the Regional Comprehensive Economic Partnership (RCEP),” President Joko Widodo said.

With regard to bilateral trade the two countries have set a target of reaching four billion New Zealand dollars by 2024 and so the two countries need to work hard to achieve it.

President Joko Widodo in particular praised the New Zealand market that has accepted prime commodities of Indonesia such as coffee, mangosteen and zallaca.

Indonesia hopes more commodities such as manggo, banana and pine apple would also be accepted.

President Joko Widodo called for attention to export of animal feed from waste of palm oil that has now been environmentally questioned.

He also emphasised the importance of continuing efforts in managing oil palm plantation sustainably in Indonesia, adding that the country also has an interest to assure it is being done.

`Oil palm plantations involve 17 million people or three times the population of New Zealand. Half of the plantations belong to smallholders. Sustainability must be assured in line with the issue of small farmers` right to prosperity,” he said.

With regard to tourism President Joko Widodi has urged for increasing air connectivity between the two countries.

“I wish to encourage increased air connectivity to boost tourist arrivals by increasing flight frequency between Auckland and Bali this year from three to five times,” he said.

On geothermal energy development President Joko Widodo wished cooperation could be increased to investment cooperation.