FM Retno Marsudi Meets S. African, Algerian Ministers at WIEF 2016

Foreign Minister Retno Marsudi is scheduled a visit the United States next month to follow up on a bilateral trade agreement discussed during US Vice President Mike Pence's visit to Jakarta last week. (Antara Photo/Yudhi Mahatma)

By : Eko Prasetyo | on 2:17 PM August 02, 2016
Category : News, Foreign Affairs

Jakarta. Indonesian Foreign Minister Retno Marsudi has met with South African Minister of International Relations Maite Nkoana Mashabane and Algerian Minister of Industry Abdessalem Bouchouareb, at the sidelines of the 12th World Islamic Economic Forum in Jakarta on Tuesday (02/08).

Retno and her South African counterpart had met previously at the April 2015 Asia-Africa Summit. The two reflected on the trade partnership with a vale of $898 million and called for an increase in investment cooperation, particularly in infrastructure, energy and manufacturing.

Indonesia and South Africa hope to further bilateral trade, with the launch of the 3rd Meeting of Joint Trade Committee in South Africa. South Africa is the only African country to have established a strategic partnership with Indonesia, through the Joint Declaration on a Strategic Partnership for a Peaceful and Prosperous Future, signed in March 2008.

Indonesia boosts trade, investments and tourism with Algeria

In the meeting with Algeria's Minister of Industry, Retno focused on increasing partnership in three sectors: trade, investment and tourism.

Indonesia also called on Algeria to reactivate the Joint Commission Trial between the two.

Indonesia has invested $6.25 billion in Algeria, mostly in the mining sector, which is hoped to strengthen the economic partnership — both Government-to-Government sector or Business-to-Business.

In 2015, bilateral trade between the two countries topped $456.094 million, decreasing from the previous year at $478.36 million.

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