President Joko Widodo has emphasised the need to promote equal economic relations between Indonesia and Germany as well as the European Union during a meeting with German Chancellor Olaf Scholz, say Vietnam Plus.
Various EU regulations that impede public well-being must be improved, Indonesia’s Foreign Minister Retno Marsudi said in a statement released on April 17.
She went on to say that the President also sought Germany’s support for the conclusion of the Indonesia-EU Comprehensive Economic Partnership Agreement negotiation.
The bilateral meeting took place at the Lower Saxony Guesthouse in Hannover, Germany, on April 16 (local time), Retno, said, adding that Minister-President of Lower Saxony state Stephan Weil also attended the event, report Vietnam Plus.
During the meeting, the President welcomed the collaboration in the Indonesia-Germany joint committee on economy and investment and that Germany’s investment in Indonesia should focus on priority sectors, such as the export-oriented sector as well as renewable energy and downstreaming, the foreign minister said.
The Indonesia’s head of state also highlighted the importance of German investment and technology transfer during his meeting with Scholz, she added.
Several agreements on government-to-government (G-to-G) and business-to-business (B-to-B) cooperation have been signed during the visit, say Vietnam Plus.
For the G-to-G cooperation, the minister said that the Indonesian and German authorities signed two agreements, including the “Joint Declaration of Intent of the Joint Economic and Investment Committee” on the establishment of a joint forum on economy and investment, and the “Joint Declaration of Intent in The Feed of Digitalisation” between Indonesia’s Ministry of Communication and Informatics and the German Federal Ministry for Digital and Transport, she stated.
According to the diplomat, enterprises of the two countries also inked 18-agreements in the areas of sustainable development and energy transition, investment, start-up and innovation, valued at IDR 27.9-trillion (approx. USD1.88-billion.)
Source: Vietnam Plus
