Jakarta (ANTARA) - Indonesia's Foreign Affairs Minister Retno Marsudi met her Kazakhstan counterpart Mukhtar Tileuberdi on the sidelines of the 14th Asia-Europe Meeting (ASEM) foreign ministers' conference in Madrid, Spain, Dec 16, to discuss augmenting bilateral economic cooperation.
"Several potential areas for cooperation need to be explored, including in air transportation, banking, halal industry, agriculture, energy, and strategic industry," Minister Marsudi noted in a statement here on Tuesday.
Indonesia and Kazakhstan registered a notable rise in trade, from US$60.3 million (some Rp844 billion) in 2018 to US$317.85 million (some Rp4.4 trillion) during the January-October 2019 period.
The minister is upbeat about Kazakhstan's support as a member of the Eurasian Economic Union (EAEU) to the initiative to establish the Indonesia-EAEU free trade agreement.
"The cooperation, under the EAEU framework, is expected to boost the regional economy, particularly in Europe and Asia," Marsudi stated.
At the meeting, Indonesia has encouraged the holding of the second meeting of the Joint Commission on Economic Cooperation next year that is expected to open new economic cooperation to boost business-to-business relations.
On the other hand, Kazakhstan has expressed hope for Indonesia to step up its participation by becoming a member of the Islamic Organization for Food Security.
Kazakhstan has invited Indonesia to attend the Conference on Interaction and Confidence Building Measures in Asia scheduled in 2020. Kazakhstan will serve as its chairman for the 2020-2022 period.
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Indonesia-Kazakhstan meeting centers on enhancing economic cooperation
17th December 2019