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President Jokowi, Prime Minister Turnbull Meet in Vietnam

VOI NEWS 12.11.2017  10:00 Local Time GMT+7

Indonesian President Joko Widodo (Jokowi) held a bilateral meeting with Australian Prime Minister Malcolm Turnbull on the sidelines of APEC Summit held, in Da Nang, Vietnam, Saturday. They among other things discussed about Indonesia-Australia Comprehensive Economic Partnership Agreement (CEPA). During the bilateral meeting, President Jokowi was accompanied by among others Trade Minister Enggartiasto Lukito, Vice Foreign Minister Abdurrahman Fachir, and Industry Minister Airlangga Hartanto. Jokowi is in Vietnam to attend the 25th Summit of Asia Pacific Economic Cooperation (APEC) held on Nov 10-11, 2017. On Friday, Jokowi was present in the APEC Business Advisory Council (ABAC).  Focusing on the overarching theme of "Creating New Dynamism, Fostering a Shared Future," the APEC Summit discusses the future of free trade, new drivers for economic growth, and the role of APEC in tackling common challenges in the region. These are issues of high importance, given the current state of global trade and growth and the planned Trans-Pacific Partnership free trade agreement that seems increasingly unlikely to move forward as planned. APEC 2017 is also expected to help accelerate the implementation of the Bogor Goals of free and open trade and investment by 2020. (antara)


Indonesia Must Prepare New Strategy Following Xi-Trump Meeting

Indonesia must prepare a new strategy related to the global economy after the meeting between China’s President Xi Xiping and his US counterpart Donald Trump in Beijing on Nov 8-11. This statement was made by Evan Pujonggo, spokesman of the Indonesian Embassy in Beijing, China. The embassy's third secretary for economic affairs remarked on Saturday that they certainly have to outline a new strategy with China and even with the ASEAN and some countries, such as India and Russia, after the meeting between Xi and Trump. According to Pujonggo, in addition to being able to capitalize on the various opportunities, Indonesia should anticipate the worst-case scenario in terms of the China-US relations in future. Pujonggo stated on the sidelines of the Tuole Forum: China-ASEAN Cooperation for Production Capacity Increase that there is an opportunity for Indonesia, as China is worried about the US. However, Indonesia should also be able to take precautionary measures against some US policies that are in fact not conducive for the global economy. He pointed out that if the US has issued a policy, such as withdrawing investments and all types of US investments everywhere, then the situation could be similar to that in 1997, and the victims would be the Asian countries. (antara)

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