Indonesia and China Agree to Boost Trade Beyond US$167 Billion Threshold
Sumaira FH
Published August 22, 2026 | 05:30 AM (UrduPoint / Pakistan Point News / WAM – 22nd Aug, 2026)
Jakarta, 22nd August, 2026 (WAM) – Indonesia and China have agreed to expand bilateral trade beyond its current volume of US$167 billion, recognizing the untapped economic potential between the two nations. This commitment was made following their inaugural Comprehensive Strategic Dialogue (CSD) in Jakarta on Friday.
Indonesian Foreign Minister Sugiono, after a meeting with his Chinese counterpart Wang Yi, emphasized that both countries aim to strengthen commercial ties and revitalize strategic platforms covering energy, minerals, and maritime trade.
"As this figure does not capture the full potential of both countries, we also agree to continue enhancing cooperation in the trade sector to increase volume and figures," Sugiono stated, as quoted by the Indonesian news agency (ANTARA).
The talks yielded preliminary discussions for the 2027-2031 Action Plan while exploring new collaborative mechanisms in artificial intelligence, advanced technology, and quarantine standards.
Upcoming technical initiatives are expected to include joint satellite development and expanded financial cooperation through local currency transactions.
The strategic partners also reaffirmed their commitment to financing ongoing Belt and Road Initiative projects, notably the Jakarta-Bandung High-Speed Railway, along with strategies to boost passenger capacity.
To bolster industrial resilience, bilateral cooperation will prioritize food security, critical minerals, and strategic infrastructure under the administration of Indonesian President Prabowo Subianto.
Beyond economic initiatives, the dialogue addressed broader defense and diplomatic objectives.
