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Jakarta, CNBC Indonesia – In fact, Indonesia has reached an agreement with China regarding international trade. Commerce Minister (Mendag) Muhammad Lutfi said Indonesia and the People’s Republic of China (PRC) or China agreed to import the Indonesian swallow’s nest worth $ 1.13 billion or more than Rs 16 trillion.
“So I can report here that we agreed at least 5 companies that will import swallow nests from Indonesia,” he said during his visit to China, rewritten on Sunday (4/4/2021).
In addition, Indonesia will also export and invest US $ 200 million in sandalwood (sandalwood) furniture products and other furniture. There is also an investment that attracts 150 companies in West Kalimantan that will employ 3,000 workers.
“The total is $ 1.38 billion or more than Rs 20 trillion,” he said.
On the occasion, he continued, even in this bilateral meeting, Indonesia had the opportunity to speak with counterparts from ministries in China. Several important points must be given.
“First, the new goal in the next 3 years is to triple (triple) the bilateral trade between the two countries from US $ 31 billion today to US $ 100 billion in 2024,” he said.
Second, Indonesia will explore the trade cooperation agreement that was signed since 2011. Namely, the bilateral trade and economic cooperation (BETC) to become a trade and investment framework agreement (TIFA).
“TIFA will take a higher level, we may discuss deepening the commercial activities of the two countries with a comprehensive economic partnership agreement scheme,” he explained.
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