Indonesian Trade Minister, Enggartiasto Lukita and South Korea Trade Minister, Hyun Chong Kim met in Jakarta on February 19 to discuss the way to enhance trade and economy relations between the two countries. During the meeting the two ministers agreed to reactivate Indonesia - Korea comprehensive economic partnership agreement (IK-CEPA). When met during the Indonesia - Korea business forum in Shangrilla Hotel, Jakarta on Tuesday (Feb19), Minister Enggartiasto mentioned that the initiation is targeted to reach 30 billion US Dollar.
"Relaunch of the agreement is also continued with Bisnis Forum which bring together Indonesian and Korean entrepreneurs. Therefore the target set by the two heads of states worth 30 billion US dollar in the next three years can be achieved. We agreed that the agreement will be signed in November at the meeting of the two heads of states, meaning that it must substantially be completed before November" Minister Enggratiasto said.
Minister Enggartiasto added that this negotiation aims to reach both countries bilateral economy target that is expected will increase bilateral trade and investment relations to the highest level// NK