MODI SETS NEW TARGET FOR 2025

National

MODI SETS NEW TARGET FOR 2025

On Saturday, PM Modi had a meeting with Joko Widodo President of Indonesia. The two leaders were in Osaka, Japan for G20 Summit and met in morning to discuss the ways to boost bilateral ties and enhance cooperation in trade and investment.

According to the Ministry of External Affairs, India and Indonesia set an ambitious US $50 billion target for bilateral trade over the next six years, i.e., by 2025. Both leaders also had a discussion on ways to deepen cooperation in a number of key areas including economy, defence and maritime security. Trade between the two countries in 2016 was US $12.9 billion. It rose 28.7 per cent to US $18.13 billion in 2017 with Indonesia's exports to India reaching US $14.08 billion and its imports from India standing at US $4.05 billion, according to Indonesia's Central Statistics Agency.

This meeting was the PM's first official engagement on the second day of the G20 Summit.

Similar Posts

Share it
Top