New Zealand Seeks Increased Trade With Indonesia as Key Visits

New Zealand Prime Minister John Key will be joined by Trade Minister Todd McClay in Indonesia this week as he seeks to boost trade between the two countries.

McClay said he is traveling to Indonesia Sunday to join Key and a high-level business delegation for a two-day visit to New Zealand’s 11th largest export market.

“Our two-way trade currently sits at NZ$1.6 billion ($1.14 billion), and we’re keen to explore ways to meet the target set by the two countries last year to boost trade to NZ$4 billion by 2024,” McClay said in a statement.

Key will meet with Indonesian President Joko Widodo and McClay will hold talks with Indonesian Trade Minister Thomas Lembong, McClay said.

Before it's here, it's on the Bloomberg Terminal.