Thai, Indonesian leaders agree to strengthen trade, fight crime
“They declared the elevation of their bilateral relationship to a strategic partnership following a high-level meeting on Monday at Government House between Prime Minister Paetongtarn Shinawatra and Indonesian President Prabowo Subianto.”
“It was the Indonesian president’s first official trip to Thailand since taking office in October 2024 and the first official visit by an Indonesian president to Thailand in 20 years.”
“On the economic front, both sides believed they could expand and increase trade, with Thailand affirming its readiness to host the first Joint Trade Committee (JTC) meeting within this year as a mechanism to bolster trade, reduce barriers, and promote closer cooperation.”
“The Indonesian leader pledged support for Thai businesses interested in investing in Indonesia and invited the Thai private sector to invest in Danantara, Indonesia’s sovereign wealth fund, which was set up to increase the competitiveness of Indonesian state enterprises.”
“Ms Paetongtarn proposed setting up a working group to study the possibility of co-investing in fisheries industries to promote sustainable fishing and food security.”