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

Make it 1000%!

OPINION: The appendage swinging contest between the US and China continues, with China hitting back with a new rate of 125% on the US, up from the 84% announced earlier.

Featured

Farmers urged not to be complacent about TB

New Zealand's TBfree programme has made great progress in reducing the impact of the disease on livestock herds, but there’s still a long way to go, according to Beef+Lamb NZ.

Editorial: Making wool great again

OPINION: Otago farmer and NZ First MP Mark Patterson is humble about the role that he’s played in mandating government agencies to use wool wherever possible in new and refurbished buildings.

National

Machinery & Products

Farmer-led group buys Novag

While the name and technology remain unchanged and new machines will continue to carry the Novag name, all the assets,…

Buhler name to go

Shareholders at a special meeting have approved a proposed deal that will see Buhler Industries, the publicly traded Versatile and…

» Latest Print Issues Online

The Hound

Make it 1000%!

OPINION: The appendage swinging contest between the US and China continues, with China hitting back with a new rate of…

Own goal

OPINION: The irony of President Trump’s tariff obsession is that the worst damage may be done to his own people.

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter