India-RI trade surplus of $14 billion in 2022, commerce minister optimistic it will increase in 2023

REPUBLIKA.CO.ID, JAKARTA – ASEAN-India will focus on four areas of strategic partnership. This was stated by Trade Minister Zulkifli Hasan (Zulhas) after accompanying President Joko Widodo RI (Jokowi) at the ASEAN-India Summit held at the Jakarta Convention Center (JCC) in Jakarta.

“It was agreed that there are four areas of focus for the India-ASEAN strategic partnership: food security, maritime cooperation, support to the ASEAN-Indo-Pacific Forum and implementation of the ASEAN-Indo-Pacific Outlook, and global economic and financial stability.” he continued.

Besides that Minister of Commerce who is also the General Chairman of PAN, said that the ASEAN-India Commodity Trade Agreement was under review. The hope is that this can reduce barriers while making both areas easier.

He said the total value of ASEAN-India trade will reach $113 billion in 2022. Meanwhile, the total trade value of ASEAN-Indonesia will reach $32.7 billion in 2022, with export value of $23.3 billion and imports of $7.6 billion.

“India is Indonesia’s most important trading partner. Our trading value is $32.7 billion and has a surplus of $14 billion. This year it could rise. So India is our most important trading partner. “That’s why we need to strengthen trade relations with India,” Zulhas said.

For your information, apart from attending the ASEAN-India Summit, Trade Minister Zulhas will also accompany Jokowi again on the next agenda, namely the ASEAN-Australia Summit and the conclusion of the ASEAN Summit and the handover of the ASEAN Chairmanship. Indonesia to Laos.


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