Participants at the sixth meeting of the Vietnam-Indonesia Joint
Commission on Economic, Scientific and Technological Cooperation held in
Jakarta, Indonesia, on Sept. 17-18, agreed to strengthen economic and
technology cooperation for mutual benefits and towards a strategic partnership.
At the two-day event, the two
sides discussed exchange activities in the fields of trade, industry,
agriculture, energy, health, education, transport, finance, banking and tourism.
Vietnam's Minister of Industry
and Trade Vu Huy Hoang and Indonesian Minister of Trade Gita Wirjawan
co-chaired the meeting, in which they agreed to work further on the draft of an
MoU on information sharing and protective trade policies between the two
countries.
The two sides also pledged to
support each other at international and regional forum such as APEC, Asean, and
the WTO.
The two ministers signed a
protocol to amend the Memorandum of Understanding on rice trading between
Vietnam and Indonesia. In the document, Vietnam had agreed to sell up to 1.5
million tonnes of white rice to Indonesia each year from the start of 2013 to
the end of 2017.
Regarding energy, oil and gas and
coal mining, Vietnam proposed that Indonesia facilitate PetroVietnam's existing
oil and gas exploitation projects with its Indonesian partners, including the
Natuna D-Alpha project. Both sides encouraged PetroVietnam to increase
cooperation in exploiting crude oil, gas and coal as well as providing oil and
gas services in Indonesia.
On investment, both sides
encouraged cooperation in investment promotion through sharing information on
foreign investment policy and environment, and planned to exchange delegations
to grasp investment opportunities in both countries and train foreign
investment management staff.
The Indonesian side welcomed the
involvement of Vietnamese importers and investors in the mining sector in
Indonesia and proposed that the nation supply thermal coal to Vietnam's power
plants and import high-carbon anthracite coal from Vietnam.
In terms of fisheries, both sides
reaffirmed the importance of fishing cooperation in each country's economic
growth, and encouraged bilateral cooperation between the two countries and
among localities in the field.
As for agriculture, they agreed
to speed up the signing of MoU between Indonesia's Ministry of Agriculture and
Vietnamese Ministry of Agriculture and Rural Development to lay foundations for
cooperation in food diversification and reserves.
The Vietnamese side acknowledged
Indonesia's proposal to establish an agency to manage Robusta coffee supply
sources and a mechanism for coordination in Robusta coffee exports.
The two ministers agreed that the
next meeting will be held in Vietnam in the next three years.
Earlier, on Sept. 17, Minister
Hoang had a meeting with Indonesian Minister of Energy and Mineral Resources
Jero Wacik to discuss bilateral cooperation in the areas of energy, coal and
minerals.
Two-way trade between Vietnam and
Indonesia increased from US$2.1 billion in 2009 to $4.7 billion in 2011 and
reached $2.57 billion in the first seven months of 2012.
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