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Thursday, 31 August 2023 11:59

Indonesia-Mexico Agree to Expand Economic Cooperation

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VOInews, Jakarta: Indonesia recorded a doubling of trade value in the last five years, reaching USD2 billion (Rp30.4 trillion), making Mexico the second largest export destination in the Americas.

"Mexico is Indonesia's strategic partner in the Americas region," Director General of the Americas and Europe (Amerop) of the Indonesian Ministry of Foreign Affairs Umar Hadi said, as quoted from the Ministry's website, on Wednesday (30/08/2023).

To further intensify economic cooperation, the delegations of the two countries, led by Director General of Amerop of the Indonesian Ministry of Foreign Affairs Umar Hadi and Director General of Asia Pacific of the Mexican Ministry of Foreign Affairs Fernando Gonzalez Saiffe, welcomed the completion of the establishment of three cooperation agreements.

"The cooperation includes Halal Product Guarantee cooperation between the Indonesian Ministry of Religious Affairs and the Mexican Ministry of Agriculture and Regional Development, cooperation between the Indonesian Chamber of Commerce (KADIN) and the Mexican Chamber of Commerce (COMCE) and cooperation between the Indonesian Chamber of Commerce (KADIN) and the United States-Mexico Chamber of Commerce (USMCOC)," the ministry wrote.

In addition, Indonesia and Mexico also agreed to promote closer cooperation in the fields of trade and investment as well as people to people contacts including in the education sector, tourism, and exchange of lecturers and students. While in the global scope, the two delegations discussed cooperation in international forums, including the UN, G20, MIKTA, and ASEAN.

"Mexico specifically supports Indonesia's chairmanship of ASEAN and MIKTA in 2023, continuing the success of Indonesia's presidency of the G20 in the previous year," the ministry continued.

Mexico is a strategic partner for Indonesia in the Americas region. In addition, for Indonesia, Mexico is the 5th largest trading partner, 2nd largest export destination, and 2nd largest contributor to trade surplus in the entire Americas region. (VOI/Ranov)

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