Indonesia Seeks to Diversify Exports to India

12.12.2016

The Indonesian government will encourage the diversification of export products. This includes diversification of commodities shipment to India, which had been by dominated CPO (crude palm oil) and coal.

Foreign Affairs Minister Retno LP Marsudi said in New Delhi, India on Monday, December 12, that the exploration for cooperation will be carried out during President Joko Widodo's state visit to India from December 12 to 13, 2016.

Minister Retno said India is Indonesia's largest trading partner in South Asia, and the fourth-largest overall.

"We are enjoying considerable surplus with India. We are constantly working to improve trade figures, including by diversifying the types of trades and exports to India," Retno said as quoted by Antara.

Retno said that Indonesia's export to India has been composed mostly of CPO and coal products, and that it is time to diversify.

To that end, in addition to meeting with India's President, Vice President and Prime Minister, Widodo will have a collective call with 20 CEOs of India's leading companies.

"It will be followed with a more detailed discussion with ministers of economy," Retno said.

The Trade Minister of Indonesia will also have a special meeting with Indian Trade Minister to discuss the issue.

Joko Widodo's state visit to India is his first. It is a returned call to the Prime Minister of India's visit to Indonesia in 2013. India's Vice President also visited Indonesia in November 2015.


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