Pres. Park emphasizes importance of signing Korea-Indonesia CEPA as soon as possible
It was just last year that Korea and Indonesia set a goal of reaching 100 billion dollars in bilateral trade by the year 2020.
President Park, during a business investment forum in Jakarta on Friday, reaffirmed this goal and said the two nations should take specific actions to reach the target.
In particular, she emphasized the importance of the two nations signing a Comprehensive Economic Partnership Agreement, or CEPA, as soon as possible.
"The CEPA will offer a new kind of an economic agreement that includes cooperation in various fields, contributing to the shared growth of the two economies."
President Park also put great emphasis on increasing investment.
Senior presidential secretary for economic affairs Cho Won-dong told reporters thatas Indonesia mostly sells raw materials to Korea, a free trade pact on goods would not offer much benefit to that country.
So, he said President Park put forth Korean investment in Indonesia as a selling point for why Indonesia should sign the CEPA with Korea.
Later in the day,.. President Park toured the local engineering center of Daewoo Shipbuilding and Marine Engineering.
The company won bids to export three submarines to the Southeast Asian country last December, and stands as a model of cooperation between the two nations in the defense industry.
Indonesia is currently pushing ahead with a so-called "masterplan" to accelerate economic development, by enhancing connectivity between more than 17-thousand islands that make up the archipelago.
"Plans for major infrastructure projects are underway and many Korean companies are seeking to participate in them. President Park, as part of her sales diplomacy, will be calling on the Indonesian government to support these companies so they can take part in the national project.
Eoh Jin-joo, Arirang News, Jakarta."
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