Indonesia, Thailand Target Halal Trade As New Economic Dynamics

Indonesia and Thailand conveyed agreement to strengthen cooperation in the halal industry through the development of regional and global value chains as part of their countries’ strategic partnership.

“With our respective strengths in the halal industry, Indonesia and Thailand can support each other in building regional and global halal industry value chains,” Prabowo remarked.

According to state media Antara, he addressed that the collaboration is part of strengthening Indonesia and Thailand’s strategic economic partnership and implementing the two countries’ partnership roadmap.

During the bilateral meeting, the two leaders also agreed to expand investment, improve market access, and strengthen partnerships between business actors.

These efforts will be realised through the establishment of a Joint Trade Committee as a mechanism to discuss business opportunities and address trade barriers.

Prabowo said the two countries will prioritise cooperation in food security, logistics, supply chains, energy, and the digital economy.

Indonesia and Thailand also agreed to expand their partnership in connectivity and transportation, marked by the opening of direct flight routes from Jakarta to Bangkok and Denpasar to Phuket.

Thailand’s Prime Minister is currently in Indonesia for a 2 day visit.

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