Indonesia: India bans wheat exports, this is the response of the Minister of Trade Lutfi

Published 2022년 5월 19일

Tridge summary

ASEAN economic ministers have agreed to increase cooperation to maintain food security and reduce dependence on external sources due to global challenges such as protectionism and rising food prices. They aim to strengthen intra-ASEAN trade to increase sufficiency and respect WTO principles. The trade ministers also discussed the challenges of the multilateral trading system, war, and climate change, and suggested responding to these challenges through joint production.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Jakarta, CNBC Indonesia - ASEAN economic ministers decided to increase cooperation to maintain food security in the midst of a number of global challenges. This step is believed to be strategic in reducing the dependence of ASEAN countries on the outside world. It responds to increasing protectionism in countries to maintain domestic availability. In the midst of the current spike in food prices. For example, the ban on wheat exports that is currently being imposed by India. This was conveyed by the Minister of Trade of Cambodia, Pan Sorasak, during the Press Conference of the Special Meeting of the ASEAN Economic Ministers (AEM Special Meeting, 17-18 May 2022) in Bali, broadcast on the Youtube account of the Ministry of Trade. Minister Pan, who is also the Chair of AEM, gave a statement regarding the ministerial meeting, together with the Indonesian Minister of Trade (Mendag) Muhammad Lutfi and Deputy Secretary-General for ASEAN Economic Community (AEC) Satvinder Singh. Minister ...

Source: Cnbcindonesia