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Indonesia must take advantage of US-China trade war: Minister
"We are in the midst of a situation which we can take advantage of… as the US has started to ban the imports of Chinese products," Coordinating Minister for Economic Affairs Airlangga Hartarto observed at the "2023 National Working Meeting on Government Internal Supervision" here on Wednesday.
He said that Indonesia has become a member of the first regional cooperation to focus on supply chain issues, namely the Indo-Pacific Economic Framework (IPEF).
The IPEF member countries have committed to realizing economic cooperation involving the private sector as well as implementing technical assistance and capacity-building programs.
The collaboration is expected to increase investment in critical sectors, prominent goods, physical and digital infrastructure, transportation, as well as employment projects.
"Indonesia and the US are discussing the facilitation of Indonesian nickel products exports to the US through the Indo-Pacific Economic Framework,” the coordinating minister informed.
IPEF represents more than 40 percent of the global economy as well as 28 percent of global trade in goods and services. It aims to develop inclusive economic cooperation among countries in the Indo-Pacific.
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- [Editor:邢亞敏]
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