New Zealand To Strengthen Ties With Indonesia

17 April 2012 22:00 - Mark Maffia

Email Article Print Article

New Zealand To Strengthen Ties With Indonesia

Trade Minister Tim Groser says New Zealand must strengthen economic ties with fast-developing Indonesia. With a population of almost 250 million, Indonesia is poised to become a $1.2 trillion in the next two years and is predicted to be the world’s sixth biggest economy by 2030. Two way trade with Indonesia is already worth $1.5 billion, and in January it entered a free trade deal with New Zealand and Australia.

Prime Minister John Key is in Jakarta for a formal visit with Indonesian President Susilo Bambang Yudhoyono to lead a delegation of key New Zealand business leaders. Key and Groser were accompanied by 40 business delegates, and representatives of New Zealand’s education, tourism, aviation, and agricultural agencies. Key said, “I can see that some New Zealand companies want to invest in Indonesia in quite a significant way, Our other major dairy company has made an announcement to invest relating to the packaging and processing part here in Indonesia.” However, the visit has come under scrutiny from the Green Party who argues the National Government is not doing enough to raise concerns about alleged human right abuses in the disputed territory of West Papua.

Does the scale and pace of Indonesia’s economic growth make New Zealand’s relationship too important to neglect? Indonesian’s growing middle class has not gone unnoticed in New Zealand.


Related Links:
• New Zealand Government
Official website
• Free Trade Agreement
For more information
• Latest News
Regular News Updates


Compare Foreign Exchange and Currency >>

Compare Loan and Debt Products >>

Compare Cards Products >>

Compare Money Products >>

Compare Insurance Products >>

We are always looking at simpler ways of controlling our day to day spending , Transaction accounts are the simplest way this can be done .
30 August 2016
Which Way To Pay
As we all want to keep on top of our financial situation , Transaction accounts can do this for you .
Having the stress of money worries hanging over you day in day out is very stressful. Thats why Bad Credit loans could be your answer.
08 August 2015
Which Way To Pay
When it comes to keep being refused by banks and lenders for a solution to clear your debt once and for all . Bad Credit Loans are there to help.
When spending on your reward credit card , many different benefits whilst using this.
14 May 2015
Which Way To Pay
Make sure you get all the rewards you are entitled to with your Rewards Credit Cards.