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Jakarta and Tokyo are discussing increased trade cooperation

The Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto has welcomed Japanese Minister of Energy, Trade and Industry Nishimura Yasutoshi for discussions on increased trade and investment cooperation, the Indo-Pacific Economic Framework (IPEF) and the G20 Summit.

Through the Indonesia-Japan Economic Partnership Agreement (IJ-EPA), the two countries have made many achievements in their cooperation and renewed cooperation agreements. One of these is the increase of the import duty-free quota for the export of 4,000 tons of banana per year. Another is changes to import duty-free conditions and adding the quota of pineapple exports.

Airlangga: “Hopefully, Japan will consider import duty tariffs for several commodities, including tuna fish, banana and pineapple.” The two ministers also discussed Regional Comprehensive Economic Partnership (RCEP). Nishimura congratulated Airlangga on the approval of the ratification. RCEP is the largest trade block initiated by Indonesia while it was chair  of ASEAN 2011.

Source: dailyexpress.com.my

Photo source: Dreamstime.com


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