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November 16, 2024 | 04:08 pm
TEMPO.CO, Jakarta - Indonesian President Prabowo Subianto held a bilateral meeting with Vietnamese President Luong Cuong in Lima, Peru on Friday, November 15, 2024. The meeting, which took place on the sidelines of the APEC 2024 Summit, discussed strengthening the strategic partnership between the two countries.
"Our economic cooperation is great and we want to strengthen this cooperation in the future," Prabowo said, as quoted from a written statement by the Presidential Secretariat.
Prabowo highlighted Indonesia's commitment to accelerate the ratification process of the Exclusive Economic Zone (EEZ) agreement and finalize its implementation arrangements. The Palace has yet to give further information. However, the Indonesia-Vietnam EEZ agreement was set in 2022. The negotiations were completed after 12 years of intensive discussions.
In his speech, Prabowo congratulated President Luong Cuong on his inauguration, which took place on October 21, 2024. He also appreciated the presence of the Vice President of Vietnam at his inauguration ceremony as President of the Republic of Indonesia the day before.
The former Indonesian Defense Minister also highlighted Vietnam's long history of struggle against colonialism and underlined the importance of the close relationship between the two countries in the Southeast Asian region.
Meanwhile, President Luong Cuong appreciated the strong bilateral relationship between Vietnam and Indonesia. He believes that under President Prabowo's leadership, Indonesia will continue to make significant progress.
Luong Cuong also suggested upgrading bilateral cooperation to a comprehensive strategic partnership on the 70th anniversary of diplomatic relations between the two countries next year. He cited legal resolutions on regional issues such as the South China Sea ratified by the Vietnamese National Assembly, and hoped for Indonesia's support in international forums, including the UN.
On the economic front, the two leaders discussed the potential for cooperation to achieve a trade target of US$18 billion. President Luong Cuong hoped that both countries could expand their markets and improve trade facilities with relevant ministries.
"I think we should propose that both parties expand their markets, and I have asked the relevant ministers to expand our market," Luong Cuong said.
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