The Jakarta Post, Jakarta, Wed, 05/04/2011
Trade Commissioner with the European Union Karel De Gucht and Indonesian Trade Minister Mari Elka Pangestu are scheduled to meet at the Hotel Indonesia Kempinski in Jakarta on Wednesday to discuss efforts to boost trade and investment between Indonesia and EU country members.
The efforts to improve trade will be conducted within the framework of the “EU-Indonesia Vision Group” established in 2010 by President Susilo Bambang Yudhoyono and EU Commission President Jose Manuel Barroso, kompas.com reported Wednesday.
The group comprises business practitioners, government apparatus and scholars who work together to come up with recommendations on policies to reduce stumbling blocks in bilateral trade.
Currently, the trade of goods between EU and Indonesia amounts to 20 billion euros per year.
In addition, more than 700 companies from European countries have investments in Indonesia valued at 50 billion euros, supplying more than 500,000 jobs in various industries, including pharmaceutical, banking and manufacturing.
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