Trade Minister Zulkifli Hasan highlighted that the government is striving to continually boost trade cooperation with South Korea through efforts, including increasing investment in electric cars.
The minister stated that the value of Indonesia-South Korea trade had, so far, only reached US$24.5 billion. Meanwhile, South Korea's trade value with Vietnam had reached US$78 billion.
"The ambassador and I will try harder, so that our trade relations will become even more significant," Hasan remarked during his visit to the factory of PT Hyundai Motor Manufacturing Indonesia here on Tuesday.
He highlighted the need for trade discussions to deliberate obstacles in the trade between Indonesia and South Korea.
Furthermore, through various conveniences, investment will improve. It will also impact economic growth that can support Indonesia in achieving its dream of becoming a developed country by 2045.
"We discuss, so we can accelerate. Thus, this era, the services must be fast, competitive," he remarked.
Hasan also vouched to continue to encourage electric car investors to invest in Indonesia, including South Korea, through its automotive manufacturer, Hyundai Motor Company.
Indonesia's target of becoming the world's center of electric cars would be achieved with the support of several electric car investments in the country.
"With the increasing investment, increasing export, we will rule the world," the minister stated.
Related news: Jokowi seeks full implementation of RI-S Korea trade cooperation
Related news: Indonesia seeks support for ASEAN, AIPA leadership from South Korea
Editor : Mahdani
COPYRIGHT © ANTARA News Kalimantan Selatan 2023