Jakarta (ANTARA) - Coordinating Minister for Economic Affairs Airlangga Hartarto met with the United States Ambassador to Indonesia Sung Yong Kim on Wednesday to discuss improving bilateral relations between the two countries.

One of the matters that Hartarto highlighted was US initiation in the Partnership for Global Infrastructure and Investment (PGII) under which the US plans to allocate US$600 billion for PGII.

"Indonesia expects to be able to participate within the PGII initiation for strategic projects," he said in an official statement issued on Wednesday.

During the meeting, they also discussed ways to improve economic and investment cooperation between the two countries.

The volume of trade between Indonesia and the US has so far reached US$27.5 billion, an increase of 20.1 percent compared to the same period of 2021.

The two countries aim to increase trade by US$60 billion within the next several years.

Meanwhile, Sung lauded the pandemic handling and economic recovery in Indonesia.

President Joko Widodo and Indonesian government officials have worked hard to handle the pandemic and recover the economy, he noted.

He said he expects Indonesia and the United States to continue to cooperate for their mutual economic interest.

The ambassador also thanked Indonesia for its participation in the Indo-Pacific Economic Framework for Prosperity (IPEF) that is currently discussing conceptual issues that will lay the foundation for IPEF negotiations in the near future.

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During their meeting, Hartarto and Sung also discussed the preparations for the G20 Summit in Bali and concrete results that are aimed to be achieved as a follow-up to the summit.

They also spoke about potential investments and projects that the two countries' private sectors are working on.

Meanwhile, Indonesia’s Ministry of National Development Planning (Bappenas) is cooperating with the United States Agency for International Development (USAID) to accelerate development in Papua.

The United States has unveiled a new initiative to expedite development in Papua and West Papua named the “Papua Collaborative Governance Indonesia Project” or "USAID Kolaborasi," the US Embassy in Jakarta noted in a statement released on Thursday.

Related news: Bappenas, USAID partner to expedite development in Papua

Translator: Sanya Dinda S, Fadhli Ruhman
Editor: Rahmad Nasution
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