Indonesia seeks cooperation to mitigate impact of US-China trade war

Indonesia seeks cooperation to mitigate impact of US-China trade war

Vice President Jusuf Kalla (ANTARA FOTO/Mohammad Ayudha)

New York, (ANTARA News) - Indonesian Vice President M. Jusuf Kalla has underscored the importance of cooperation to address the negative impact of the US-China trade war on other countries.

Kalla made the remarks at the UN Economic and Social Council (ECOSOC) Summit on financing the agenda of Sustainable Development Goals 2030 at the UN Headquarters in New York on Monday.

"We can cooperate in mitigating the impact of the fight between (the world`s) two largest countries that causes other countries to suffer," he noted.

Hopefully, the cooperation would not only support the economy of certain countries but also the global economy, he remarked.

Thus, the cooperation will not only improve living standards but also lower the poverty rate, he noted.

Kalla revealed that the Indonesian government had continued to ensure sustainable development by building infrastructure in all fields and cooperating with the private sector, among others.

Cooperation with the private sector is deemed important since the state budget will unlikely meet the total funds estimated at US$460 billion to develop infrastructure in the next five years, he noted.

"We need (to forge) cooperation with the private sector," he stated.

In addition, the government should maintain economic stability, he noted, adding that mutual trust between foreign and domestic investors also contributes to the economic stability.

ECOSOC is one of the six principal organs of the UN, responsible for coordinating the economic, social, and related work of 15 UN specialized agencies, their functional commissions and five regional commissions. The ECOSOC has 54 members.

ECOSOC serves as the central forum for discussing international economic and social issues and formulating policy recommendations addressed to member states and the UN system.

While in New York, Kalla also attended a high-level panel discussing sustainable maritime economy.

On the occasion, he revealed the country`s marine potentials and challenges to develop sustainable maritime economy and the government`s policy to develop it.

Reporting by M Arief Iskandar
Editing by Suharto