South Africa, Indonesia Agree To Deepen Bilateral Economic Relations

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south africa indonesia agree to deepen bilateral economic relations

Jakarta, Indonesia South Africa and Indonesia have affirmed a shared commitment on the need to bolster trade between the two countries in order to drive mutual inclusive economic growth.

This according to President Cyril Ramaphosa, who addressed media at a joint press briefing following bilateral talks with Indonesian President Prabowo Subianto during his State Visit to Indonesia.

Indonesia is South Africa's third largest trading partner in the Southeast Asia region, with South African exports to that country standing at R10.5 billion and Indonesian imports amounting to R16.9 billion.

"During our discussions, we affirmed the importance of expanding and deepening bilateral relations on both political and economic fronts through existing bilateral mechanisms.

"We agreed on the need to increase trade between our two countries as a catalyst for inclusive economic growth. We spoke of the importance of building more resilient and diversified economies for the benefit of the peoples of both countries, as we face similar geopolitical headwinds," the President said.

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