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Within the commerce area, we warmly welcome a 33-percent improve in commerce (between the 2 nations) in 2021.
Jakarta (ANTARA) – Indonesian International Minister Retno Marsudi mentioned varied areas of bilateral cooperation together with her Indian counterpart, S. Jaishankar, throughout a gathering in New Delhi on Friday.
“Within the commerce area, we warmly welcome a 33-percent improve in commerce (between the 2 nations) in 2021,” Marsudi famous throughout a video media briefing on the assembly of the Indonesia-India Joint Fee in New Delhi on Friday.
Bilateral commerce between the 2 nations had reached US$21 billion in 2021, up 33 p.c as in comparison with the earlier 12 months.
To spice up bilateral commerce, Indonesia has proposed a preferential commerce settlement and submitted the Phrases of Reference (ToR) to India, she remarked.
Within the funding area, Indonesia recorded a rise of 187 p.c in funding to succeed in US$107.2 million for 1,298 initiatives in 2021.
Each international ministers additionally mentioned methods to reinforce cooperation within the fields of power, meals safety, and well being.
“Within the area of meals safety, each of us are fearful in regards to the disruption of the meals provide chain confronted by virtually all nations at the moment. Due to this fact, we’re dedicated to enhancing cooperation within the area of expertise and funding, amongst others,” she famous.
Indian is without doubt one of the largest importers of Indonesian palm oil, whereas Indonesia imports wheat from India.
Within the safety area, Indonesia and India mentioned the importance of intensifying cooperation within the maritime and cyber safety fields.
On the assembly of the Indonesia-India Joint Fee this 12 months, the 2 nations had signed and exchanged three agreements: visa exemption settlement for holders of diplomatic and official passports, a memorandum of understanding between the Indonesian Nationwide Narcotics Company (BNN) and the Indian Narcotic Supervisory Bureau signed circularly on June 17, 2022, and a memorandum of understanding between the LPP Yogyakarta plantation polytechnics and the Nationwide Sugar Institute of India signed circularly on June 14, 2022. (INE)
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