Indonesia and South Korea Agree to Expand Cooperation

KOMPAS/LAKSANA AGUNG SAPUTRA

Indonesian Trade Minister Agus Suparmanto (left) and South Korean Trade Minister Yoo Myung-Hee (right) sign a joint declaration on concluding the Indonesia-South Korea Comprehensive Economic Partnership Agreement (IK-CEPA) on Monday (25/11/2019) in Busan, South Korea, as witnessed by Indonesian President Joko Widodo (second left) and South Korean President Moon Jae-in.

BUSAN, KOMPAS – Indonesia and South Korea have agreed to boost and expand cooperation across various sectors. President Joko “Jokowi” Widodo said he hoped the Comprehensive Economic Partnership Agreement (IK-CEPA) between the two countries, negotiations on which have been completed, would be followed up immediately.

President Jokowi made his statement during a bilateral meeting with South Korean President Moon Jae-in in Busan, South Korea, on Monday (25/11/2019). In the event, Jokowi also expressed his hope that negotiations on a Regional Comprehensive Economic Partnership (RCEP) between ASEAN and six partner countries would conclude next year.