Strengthening Ties: Indonesia and Vietnam Discuss Strategic Partnership at APEC 2024
Indonesian President Prabowo Subianto met with new Vietnamese President Luong Cuong on November 15, 2024, in Lima, Peru, during the APEC 2024 Summit. The bilateral discussions focused on enhancing their longstanding partnership, including economic cooperation, the exclusive economic zone agreement, and mutual support in regional and international forums. Both leaders expressed commitment to elevating the existing relationship, which marks a pivotal moment in ASEAN diplomacy.
Bilateral Cooperation at APEC 2024
On the sidelines of the APEC summit, President Prabowo emphasized the significance of Indonesia’s economic collaboration with Vietnam. “Our economic cooperation is great and we want to strengthen this cooperation in the future,” he remarked, underscoring each nation’s potential to deepen ties and foster development.
A key topic during the meeting was the Exclusive Economic Zone (EEZ) agreement, originally established in 2022 after 12 years of negotiations. President Prabowo reiterated Indonesia’s dedication to expediting the ratification process, enabling both countries to finalize implementation procedures. The details on further developments have yet to be disclosed by the Presidential Palace.
President Luong Cuong, who recently assumed office on October 21, 2024, expressed gratitude for Indonesia’s support, particularly noting the attendance of Vietnam’s Vice President at Prabowo’s inauguration. He praised the existing bilateral relations, reinforcing the vision for enhanced cooperation.
Historic Ties and Future Aspirations
Penned in the context of their historical struggles against colonialism, the meeting symbolized the importance of solidarity in the Southeast Asian region. President Prabowo remarked on the shared history of both nations, stating, “Vietnam’s long fight against colonialism is a source of inspiration for us.” He inspired the two countries to work together to uphold regional stability and economic prosperity.
In light of their 70th diplomatic anniversary set for next year, President Luong suggested upgrading the existing bilateral relationship to a comprehensive strategic partnership. “We are at a pivotal moment where legal resolutions like those on the South China Sea can pave the way for more robust bilateral engagement,” he asserted, advocating for Indonesia’s backing in international forums such as the United Nations.
Economic Goals and Trade Opportunities
On the economic front, the two leaders set ambitious targets to boost their trade volume to USD 18 billion. President Luong highlighted various prospective partnerships, stating, “We should propose that both parties expand their markets,” while urging relevant ministries to improve trade facilities for more effective exchanges.
With significant collaborations in agriculture, energy, and manufacturing on the horizon, both leaders were optimistic about exploring new trade opportunities. Enhancing market access and operational efficiency in trade will likely play a crucial role in achieving their economic objectives.
Moving Forward: Regional Stability and Cooperation
As both nations navigate regional complexities, the dialogue between Presidents Prabowo and Luong reinforces a commitment to ongoing collaboration. The upcoming 70th anniversary of diplomatic relations offers a unique opportunity for both countries to renew their commitment to mutual cooperation and regional stability.
Experts predict that this meeting could serve as a foundation for future agreements, especially in areas concerning security and economic development. Analysts suggest that the strengthening of ties between Indonesia and Vietnam could lead to a united front on several contentious issues that affect both nations, including regional security and economic disparities within ASEAN.
In conclusion, the discussions at the APEC 2024 Summit highlight Indonesia and Vietnam’s shared vision for the future. As both nations make strides towards comprehensive cooperation, this meeting symbolizes a renewed partnership that promises to bolster economic growth and enhance regional stability in Southeast Asia.
We invite our readers to share their thoughts in the comments below or through our social media channels. What do you think are the implications of this strengthened partnership for the Southeast Asian region?
For further insight into Indonesia’s economic strategies and ASEAN dynamics, read our related articles here and here.
Note: Please check links for relevance and ensure you have the latest information and sources to support the article and its claims.
