JAKARTA, Sept 30 (NNN-ANTARA) – Indonesia plans to expand its export markets in Africa and Latin America next year, as trade negotiations with countries in both regions are underway, Trade Minister, Budi Santoso, said yesterday.
Santoso noted that, several African countries have expressed interest in forging regional trade agreements, although such processes could be time-consuming. Indonesia has already initiated negotiations with a delegation from South Africa, which, he said, is expected to encourage other African nations to join.
Santoso added that, Indonesia is also targeting stronger penetration into Latin American markets. The country has existing trade agreements with Peru and Chile, and has launched negotiations with the Southern Common Market.
At present, Indonesia has implemented 20 trade agreements, is negotiating 16 others, and is in the process of ratifying 10 newly approved accords, according to the minister.– NNN-ANTARA
