Indonesia confirmed that ASEAN must show its key role in solving Regional Comprehensive Economic Partnership negotiation because the negotiation is targeted to be solves this year. This was stated by Director General of International Trade Negotiation at the Trade Ministry, Iman Pambagyo who is RCEP Trade Negotiating Committee (TNC) Chair after leading the 2nd meeting of Senior Economic Officials' Meeting for 49th ASEAN Economic Ministers which was held on March 21-24, 2018 in Nusa Dua, Bali. The ASEAN members discussed the results of inter-sessional meeting of the 4th RCEP ministers and the target is expected to be able to be reached on the next round. The element of RCEP cooperation which must be pursued to be resolved includes trade cooperation of goods, rules of origin, service trade, investment, and competition. The meeting also discussed preparedness of the 5th RCEP Inter-sessional Ministerial Meeting which will be held on July 1, 2018 in Tokyo, Japan. The 2nd day of the meeting also discussed some internal issues of ASEAN in service sector.
Indonesian entrepreneurs succeeded to record potential transaction worth $30.7 million dollars in one-on-one business matching which was held in Taiwan on Friday (23/3). The one-on-one business matching is a trade mission of Indonesian Trade Ministry to Taiwan which ended on Sunday (25/3). Employment service dominated the potential transaction. Director General of National Export Development, Arlinda explained that the biggest contribution on the potential transaction came from employment service with the value more than $15 million dollars. The second biggest one was investment worth $9.5 million dollars, followed by trade of goods worth $6.2 million dollars. The attractive products in the one-on-one business matching were like beauty care, coffee, instant food, skilled manpower service as well as investment in various sectors, namely logistic and warehousing; cosmetic industry; recycling cable industry; recycling copper industry; medical equipment industry; and coating material services industry. In the event, there is potential investment project of factory’s development on waste products of palm oil as raw materials of fiber glass for airplane’s body by Yeu Fong International Technology Corp (Taiwan). The potential will be followed up by Association of Indonesian Plantation Entrepreneurs. Meanwhile, retail transaction in one day of the Indonesian Week 2018 exhibition on Sunday (25/3) was worth $33 thousand dollars. The products which were in demand for retail are furniture, coffee, food and beverage, silver and pearl accessories and leather product.
Indonesian Tourism Ministry prepares various strategies to develop Indonesian culinary. One of them is through culinary destination certification and co-branding ‘Wonderful Indonesia’ with restaurant overseas. Chairman of Team for the Acceleration of Culinary Tourism Development and Shoppingof Indonesian at the Tourism Ministry, Vita Datau Messakh said that her side will sign 10 restaurants in Australia, Singapore, Malaysia, the Netherlands, France and the United States of America. According to the target in 2018, there are 100 agreements with restaurants of diaspora Indonesia in various countries.