Vietnam, Indonesia Presidents look to lift two-way trade to 10 billion USD
Updated : Wednesday, September 12, 2018 9:27 AM (GMT+0700)

PresidentTran Dai Quang and Indonesian President Joko Widodo agreed to strive to bringtwo-way trade to 10 billion USD towards a trade balance during their talks inHanoi on September 11. 

At the talks - Source: VNA

The Vietnamese Presidentwelcomed the first Vietnam visit by Widodo and expressed belief that the visitwill make important contributions to further promoting the traditionalfriendship and strategic partnership between the two countries. 

Discussing bilateral ties,the two Presidents stressed the need to further deepen the bilateral strategicpartnership in a more practical and effective way for the benefit of the twocountries’ people, and for peace, cooperation and prosperity in the region andthe world, in the context of deep changes in the Asia-Pacific region in generaland ASEAN in particular. 

Both sides agreed toincrease all-level visits via the State, government, National Assembly channelsand people-to-people exchange; make effective use of bilateral cooperationmechanisms and share views on regional and global issues of mutualinterest. 

They spoke highly of thesigning of an action programme on realising the bilateral strategic partnershipfor the 2019-2023 period, towards celebrating the 10th anniversaryof the establishment of strategic partnership by 2023. 

The Indonesian Presidenttook note of Vietnam’s proposal on removing regulations on the rate of localcontent in Vietnam’s key export items such as mobile phones, television,agro-forestry-fisheries, steel, construction material and, electricalequipment, making it easier for those products to enter the Indonesianmarket. 

The two sides spoke highlyof the outcomes of national defence-security collaboration over the past years,especially the implementation of the Memorandum of Understanding onstrengthening cooperation between defence officials and related activitiessigned in 2010 and the Declaration on Joint Vision on Defence Cooperation forthe 2017-2022 period. They agreed to enhance cooperation between their naviesand air forces, and partnership in defence industry and crime prevention. 

Host and guest consented toassign the technical task force meeting to accelerate negotiations ondemarcation of the two countries’ exclusive economic zones in line withinternational law, especially the 1982 United Nations Convention on the Law ofthe Sea (1982 UNCLOS). 

They affirmed that the issueof arrested fishermen and fishing vessels should be handled in an humanitarianspirit and in accordance with the two countries’ friendship and internationallaw. 

On the occasion, theywelcomed joint work to address illegal fishing, including the signing of ajoint communiqué on voluntarily joining international cooperation in preventingillegal, unreported and undocumented fishing, and agreed to make efforts tosoon reach a Code of Conduct at sea and sign a memorandum of understanding onmarine and fishing cooperation. 

The two leaders discussedmeasures to intensify links in the fields of energy, agriculture, culture,tourism, and in marine-based economy, marine sciences and environment, as wellas build a consultation mechanism on marine issues. 

They committed toeffectively carry out the agreement in farm produce and consider establishingjoint ventures in aquaculture, wood processing and wooden furniture export,expanding tourism cooperation, especially sea and island tourism and soonlaunching the Hanoi – Jakarta direct flights. 

On regional and globalissues of shared concern, the two Presidents said both sides need to maintainconsultation on issues regarding regional security and strategy, coordinate tobuild a united ASEAN, successfully realise the ASEAN Vision 2025, and enhanceASEAN’s central role in the regional architecture and in dealing with strategicissues in the region. 

The two sides pledged towork closely together at multilateral forums, especially the United Nations,ASEAN, APEC and ASEM. 

The two sides affirmed theirconsistent stances on the East Sea issue, including supporting the peacefulsettlement of disputes in line with international law, including the 1982UNCLOS; refraining from the use of force or threat to use force; fullyrespecting diplomatic and legal processes. They highlighted the importance ofnon-militarisation, refraining from activities that could cause or escalatetension, abiding by principles of international law and widely-recognisedstandards. 

The two leaders reaffirmedtheir support of the full and effective implementation of the Declaration onthe Conduct of Parties in the East Sea and acceleration of negotiations on apractical and effective Code of Conduct in the East Sea.


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