Monday, 18 July 2016 14:55

Minister seeks increased trade with Indonesia

Written by 
Trade Minister Todd McClay. Trade Minister Todd McClay.

Trade Minister Todd McClay has travelled to Indonesia to join the Prime Minister and a high-level business delegation for a two-day official visit.

"Indonesia is an important trade partner for New Zealand, and as our 11th largest export market offers significant trading opportunities," says McClay.

"Our two-way trade currently sits at $1.6 billion, and we're keen to explore ways to meet the target set by the two countries last year to boost trade to $4 billion by 2024.

"We will be looking to further broaden our trade connections, including through the Prime Minister's meeting with Indonesian President Joko Widodo and my own meeting with Indonesian Trade Minister Thomas Lembong."

McClay spoke with Minster Lembong at last weekend's G20 meeting in Shanghai and both ministers committed to further develop their government-to-government and business-to-business links.

"With a population of 255 million, Indonesia offers significant opportunity to New Zealand exporters and we will be looking to capitalise on the Prime Minister's visit to open doors for New Zealand companies," says McClay.

While in Indonesia, McClay will take part in business forums in Jakarta and Surabaya. The Jakarta business forum will focus on the benefits of regional economic integration, including between ASEAN and New Zealand. The Surabaya business forum will aim to promote New Zealand's economic relationship with East Java, Indonesia's second most populous province.

"I look forward to working alongside the New Zealand business delegation to showcase New Zealand's commercial expertise in areas of priority for Indonesia, including renewable energy, food and beverage, aviation, education and tourism," says McClay.

More like this

Securing the elusive India FTA

New Zealand's support for India during its current global security crisis could be key to securing a free trade agreement with the nation, according to the head of one of the country's largest independent accounting firms.

Competition culls 13,000 goats

A collaborative effort between hunters, landowners, and conservation organisations has seen the successful removal of 12,935 wild goats during the second annual National Competition.

McClay off to India - again

Almost a year to the day from when he made his first trip to India, Trade Minister Todd McClay is jetting off there again just before Christmas.

Featured

'Female warriors' to talk ag sector opportunities

The East Coast Farming Expo is playing host to a quad of ‘female warriors’ (wahine toa) who will give an in-depth insight into the opportunities and successes the primary industries offer women.

Dairy-beef offering potential for savings

Beef produced from cattle from New Zealand's dairy sector could provide reductions in greenhouse gas emissions of up to 48, compared to the average for beef cattle, a new study by AgResearch has found.

National

Machinery & Products

LC70 - A no-nonsense work horse

As most vehicle manufacturers are designing, producing and delivering machines with features that would take us into the next decade,…

GEA launches robotic milkers

Milking technology provider GEA Farm Technologies is introducing its first automatic milking system (AMS) in New Zealand.

More front hoppers

German seeding specialists Horsch have announced a new 1600- litre double-tank option that will join its current Partner FT single…

» Latest Print Issues Online

The Hound

Dark ages

OPINION: Before we all let The Green Party have at it with their 'bold' emissions reduction plan, the Hound thought…

Rhymes with?

OPINION: The Feds' latest banking survey shows that bankers are even less popular with farmers than they used to be,…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter