China's Commerce Minister Wang Wentao Meets Indonesian Counterpart Airlangga Hartarto
On July 17th, China's Minister of Commerce, Wang Wentao, met with Indonesia's Coordinating Minister for Economic Affairs, Airlangga Hartarto, in Shanghai. The meeting took place during Minister Hartarto's visit to China to attend the World Artificial Intelligence Conference. Minister Wang highlighted the significant achievements in China-Indonesia economic and trade cooperation, driven by the strategic guidance of the two countries' leaders. China has been Indonesia's largest trading partner for 13 consecutive years and has consistently been among the top three sources of foreign investment for Indonesia. Minister Wang expressed China's willingness to work with Indonesia to foster sustained and healthy development of bilateral economic and trade relations. He also emphasized the importance of advancing key projects like the "China-Indonesia dual parks" initiative. China hopes Indonesia will provide a fair, stable, and transparent policy environment for mineral resources and industrial development. Both sides agreed to strengthen collaboration to uphold multilateralism and free trade, preserve the rules-based international economic order, and establish reliable, stable, and trustworthy industrial and supply chain partnerships. This collaboration aims to inject more positive energy into the global economy.
The meeting between Chinese Commerce Minister Wang Wentao and Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto underscores the strategic importance of bilateral economic ties amidst evolving global trade dynamics. China's emphasis on maintaining its position as Indonesia's largest trading partner and a top investor highlights its long-term economic strategy in Southeast Asia. The call for a stable and transparent policy environment for mineral resources and industrial development from Indonesia suggests a focus on securing critical supply chains, particularly relevant in the context of global technological shifts and resource competition. Both nations' commitment to multilateralism and free trade, while seeking to build resilient supply chains, reflects a broader trend of countries aiming to balance international cooperation with national economic security interests in an increasingly complex geopolitical landscape.
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