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[News] Philippines And Indonesia Strengthen Economic Ties
Posted at: 29 April 2019

During a meeting between Indonesian Trade Minister Enggartiasto Lukita and the Philippines Trade and Industry Minister Ramon M Lopez and Agriculture Minister Immanuel Pinol in Manila, the two governments agreed to enhance trade and investment.

"Indonesia and the Philippines are committed to always maintaining good ties to ensure the continuation of trade and investment between the two countries. The two countries have also agreed to expand access of their export products to each other's markets," Lukita said in a written statement released in Jakarta on Tuesday as quoted by Antara.

At the bilateral meeting, the delegations of the two neighboring countries discussed how to apply the Special Agricultural Safeguard (SSG) to Indonesia's instant coffee as the Philippines has been using the SSG since August 2018.

According to the Central Statistics Agency (BPS), instant coffee (HS 21011110), one of Indonesia's key export products to the Philippines, was also Indonesia's fourth largest export product in 2018 with a value of US$367.4 million.

"To that end, our task is to maintain the access of our key products (to overseas market), including instant coffee, to export destinations," he said.

At the meeting, the two countries also agreed to reactivate the Joint Working Group (JWG) to discuss a wide range of issues related to bilateral trade.

(source: Antara News)