Industry Minister Airlangga Hartarto says the Indonesian and New Zealand governments have expressed their commitment to double current trade value of 1.76 billion New Zealand dollars (US$1.14 billion) to strengthen bilateral economic ties.
Speaking after meeting with New Zealand Deputy Prime Minister Winston Peters in Jakarta on Thursday, Airlangga said Indonesia could export automotive products and components to New Zealand, which was expected to develop more dairy products in Indonesia.
Airlangga said the Indonesian government had been trying to boost the productivity of its automotive industry.
“We have exported our automotive products to countries in ASEAN, the Middle East and Latin America. We see that the automotive product markets in Australia and New Zealand are promising. They are also close to our country,” Airlangga said as quoted by kontan.co.id.
Government data shows that Indonesia plans to export 250,000 completely built up (CBU) vehicles this year. The minister said a number of car producers had expressed their readiness to boost productivity.
Airlangga said New Zealand, as a major dairy product producing country, was expected to invest in this sector. Other dairy companies are expected to follow Fonterra, which has invested 36 million New Zealand dollars in Indonesia since 2015, he added.
Airlangga expressed the hope that New Zealand, which has developed high technology in food and beverage (F&B) products, would transfer their technology to Indonesia to boost the competitiveness of Indonesian F&B products.