Indonesia, S.Korea Conclude Talks On Bilateral Trade Deal

JAKARTA, Indonesia and South Korea announced here, the conclusion of talks on a bilateral trade deal between the two countries.

It was announced by Indonesian Trade Minister, Enggartiasto Lukita and his South Korean counterpart, Yoo Myung-Hee.

Should this agreement take effect next year, Indonesia may see a 20 percent trade growth with South Korea, compared with last year, Lukita said, on the sidelines of the document signing, which was witnessed by Indonesian Vice President, Jusuf Kalla.

The two-way trade between Indonesia and South Korea after the implementation of the trade deal, may reach 30 billion U.S. dollars by 2022, significantly higher than 18.62 billion dollars recorded in 2018, Lukita said.

The trade deal will be officially announced by Indonesian and South Korean leaders in the ASEAN-South Korea commemorative summit in Nov, in the South Korean city of Busan, Lukita said.� NNN-ANTARA

Source: NAM News Network