Indonesia and Chile to Enhance Cooperation in Trade and Maritime

Singapore, 14 November 2018: Indonesia and Chile agreed to increase cooperation in the field of trade and maritime in a bilateral meeting between President Joko Widodo and Chilean President Sebastian Pinera, on the sidelines of the 33rd ASEAN Summit at Suntec Convention Centre, Singapore, Wednesday (14/11).

In the field of trade, Chile is Indonesia's 3rd largest trading partners in the South American region. “Last year our trade increased 22% and reached USD 278 million. However, it is a very small figure compared to the potential of our two countries," said President Jokowi.

Therefore, said President Jokowi further, with the existence of Comprehensive Economic Partnership Agreement (CEPA) between Indonesia and Chile, trade would be able to improve significantly.

“Today, we have entered the final stage of IC CEPA ratification for Trade in Goods. I hope that this can be effective as soon as possible early next year," said President Jokowi.

President Jokowi emphasized that Indonesia was ready to continue the negotiation of Trade in Services and the chapter on investment from Indonesian-Chilean CEPA.

Another issue being discussed was concerning maritime cooperation of Ocean-related issues considering that both countries were equally active in Ocean-related issues.

As illustrations that both countries were active in Ocean-related issues, Chile has hosted the Our Ocean Conference in 2015, while Indonesia has hosted the OOC in October 2018.

OOC Bali in 2018 has resulted in 305 commitments, containing financial commitment worth USD 10.7 billion. Some of the cooperation that Indonesia and Chile could improve, among others in fighting marine plastic debris; and sustainable marine management.

“Indonesia has a commitment to reduce marine-plastic debris by 70% in 2025. We can cooperate in this field because I know Chile also has a program  for removal of plastic bags for local businesses in 2020," said President Jokowi.

Therefore, the President hopes that the MoU on Fisheries and Aquaculture signed on the sidelines of 2018 OOC, could be immediately implemented.

Moreover, the two leaders also agreed to increase cooperation in the field of the handling of natural disasters.

At the end of the meeting, President Jokowi stated that Indonesia welcomed and supported the leadership of Chile in the 2019 APEC.

“It is particularly to deepen the regional economic integration through APEC and resolving digital inequality," said President Jokowi.

(Source: Presidential Secretariat)