Indonesian Delegation Hopes to Have Prominent Voice at G-20 Trade Talks

By webadmin on 12:25 am Apr 18, 2012
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Kunardy Lie is now chief country officer for Deutsche Bank in Indonesia. (Photo Courtesy of Deutsche Bank)

Jakarta Globe

The trade ministers of the Group of 20 nations, also known as the G-20, will meet today for the first time in Puerto Vallarta, Mexico, where they will discuss global trade issues through Friday.

Trade Minister Gita Wirjawan will lead the Indonesian delegation, a statement from the ministry said.

The meeting will center on two main agenda items: “Understanding the Global Supply Chain,” which will focus on the services sector, trade finance and trade facilitation, and “Trade as a Source of Growth and Employment.”

Gita said Indonesia would push for trade to be measured on a value-added basis to account for bilateral trade imbalances, rather than using gross trade flows.

“This is in line with Indonesia’s interest in climbing up the value chain,” the minister said.

The Trade Ministry has voiced particular concern for challenges faced by the nation’s agricultural sector, which it said struggles to create and maintain jobs. Developed countries’ tariff and non-tariff barriers to trade are a few of the challenges faced by the nations’ farmers, the statement said.

The G-20 consists of 20 countries of large economic scale that together represent more than 80 percent of global gross domestic product.