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Indonesia-Korea CEPA agreement targets US$20 bln of bilateral trade
18th December 2020
Documentation. Minister of Trade Agus Suparmanto. (ANTARA FOTO / MUHAMMAD ADIMAJA)
Trade between the two countries had reached US$15.65 billion in 2019. This is far from what we are targeting, and now, in 2020, it has decreased to US$10.10 billion. However, with the IK-CEPA, it is expected to increase by around US$20 billion in the Jakarta (ANTARA) - The Indonesia-South Korea Comprehensive Economic Partnership (IK-CEPA) targets a total trade of US$20 billion between both nations, Trade Minister Agus Suparmanto stated.
"Trade between the two countries had reached US$15.65 billion in 2019. This is far from what we are targeting, and now, in 2020, it has decreased to US$10.10 billion. However, with the IK-CEPA, it is expected to increase by around US$20 billion in the following year," the trade minister stated while holding a virtual press conference on Friday.

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