RCEP Edges Closer to Ratification in an Indonesia Battered by COVID-19 thediplomat.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thediplomat.com Daily Mail and Mail on Sunday newspapers.
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.