How Will Indonesia and New Zealand Strengthen Their Cooperation by 2029?
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Synopsis
Discover how Indonesia and New Zealand are set to enhance bilateral cooperation across various sectors. With an ambitious trade target and a focus on resolving disputes, this partnership aims to foster sustainable growth and security in the Indo-Pacific region.
Key Takeaways
- Strengthened Cooperation: Indonesia and New Zealand are enhancing bilateral ties.
- New Trade Target: Aiming for 6 billion NZ dollars by 2029.
- Focus on Disputes: Addressing import issues is crucial for further collaboration.
- Dairy Processing: Indonesia invites investment in the dairy sector for sustainability.
- Shared Security: Both countries are partners in combating transnational crime.
Jakarta, Aug 8 (NationPress) Indonesia and New Zealand have reached an agreement to enhance their bilateral cooperation across multiple sectors during the visit by New Zealand's Trade and Investment Minister Todd McClay, as stated by Indonesia's Coordinating Ministry for Economic Affairs on Thursday evening.
The Coordinating Minister for Economic Affairs Airlangga Hartarto held discussions with McClay, leading to a consensus on ramping up the execution of the Indonesia-New Zealand Comprehensive Partnership Plan of Action 2025-2029. This initiative aims to deepen mutually advantageous collaboration, particularly in trade and investment, according to a report by Xinhua News Agency.
Both ministers highlighted the necessity of addressing ongoing disputes concerning the importation of horticultural products, animals, and animal products, which are currently being deliberated at the World Trade Organisation.
“Resolving these issues would enable both nations to direct their attention to other critical areas for enhancing economic cooperation. Indonesia also encourages New Zealand to broaden its investments in the dairy processing sector, contributing to food security and sustainable public nutrition,” Hartarto mentioned in the statement.
In response, McClay confirmed that New Zealand enterprises possess the capabilities and readiness to sustainably fulfill these requirements.
Reiterating their mutual commitment to bolstering trade relations, Indonesia and New Zealand established a new bilateral trade target of 6 billion New Zealand dollars by 2029, an increase from the previous goal of 4 billion New Zealand dollars by 2024.
These revised targets are detailed in the Indonesia-New Zealand Comprehensive Partnership Plan of Action 2025-2029.
New Zealand enjoys a robust relationship with Indonesia, celebrating 65 years of diplomatic ties in 2023, as noted in a statement from New Zealand Foreign Affairs and Trade. Indonesia is a significant Indo-Pacific partner for New Zealand, crucial for its prosperity and security.
According to the statement, Indonesia is also vital for New Zealand in addressing transnational organized crime, including terrorism, people smuggling, and illegal, unreported, and unregulated fishing. New Zealand maintains a Comprehensive Partnership with Indonesia and a renewed Plan of Action (2025-2029) comprising six pillars.
Point of View
The renewed partnership between Indonesia and New Zealand is a strategic maneuver that underscores the importance of collaboration in the Indo-Pacific region. As both nations aim to resolve trade disputes and expand economic ties, this initiative represents a commitment to mutual growth and stability.
NationPress
19/08/2025
Frequently Asked Questions
What is the main goal of the Indonesia-New Zealand partnership?
The primary goal is to strengthen bilateral cooperation across various sectors, focusing on trade and investment, with an updated target of 6 billion New Zealand dollars by 2029.
What sectors are being targeted for cooperation?
Key sectors include trade, investment, dairy processing, and addressing disputes regarding horticultural products and animal imports.
How long have Indonesia and New Zealand had diplomatic relations?
Indonesia and New Zealand celebrated 65 years of diplomatic relations in 2023.
What is the significance of resolving trade disputes?
Resolving trade disputes allows both nations to focus on other strategic areas, enhancing overall economic cooperation and stability.
What challenges do Indonesia and New Zealand face in their partnership?
Challenges include ongoing disputes related to imports and the need for sustainable investments in critical sectors like food security.
