Indonesia to sign billion-USD energy, trade deals in Abu Dhabi
Indonesian President Joko Widodo will oversee the signing of 10 energy and trade deals worth a total of 18.8 billion USD on a visit to Abu Dhabi, according to Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan.
Jakarta (VNA) –Indonesian President Joko Widodo will oversee the signing of 10 energy and trade deals worth a total of 18.8 billion USDon a visit to Abu Dhabi, according to Coordinating MaritimeAffairs and Investment Minister Luhut Pandjaitan.
Among the agreements is Indonesian state energy firm Peramina’sdeal with Abu Dhabi National Oil Co (ADNOC) to upgrade a West Java refinery.Peramina will also sign a deal to buy between 170,000 tonnes and 520,000 tonnesof liquefied petroleum gas from the ADNOC.
PresidentWidodo will witness the signings this weekend on his first overseas trip of theyear, following an official visit by Abu Dhabi Crown Prince Sheikh Mohammed binZayed al-Nahyan to Indonesia in July.
Widodo,whose second term in office began in October, is keen to attract more foreigninvestors to help create jobs and boost growth in Southeast Asia’s largesteconomy./.
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Bank Indonesia Governor Perry Warjiyo and Japanese Finance Minister Taro Aso recently signed an MoU on the use of the countries’ currencies in bilateral trade and direct investment transactions.
Indonesia and the United Arab Emirates (UAE) recently signed many cooperation and business agreements in the fields of energy, agriculture and sovereign wealth fund (SWF).
Indonesia is already prepared to confront the European Union (EU) over the discriminatory policies on palm oil of Renewable Energy Directive II (RED II) and Delegated Regulation EU before the World Trade Organization (WTO).
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The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
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Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
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This follows Telegram’s serious failure to address the content that has been repeatedly reported to them, despite various efforts of negotiation and cooperation made by MCMC, it said.
