Jakarta: Indonesia and Thailand on Monday agreed to increase bilateral trade to $20 billion by 2030 and adopted a new strategic partnership roadmap to expand cooperation across multiple sectors, according to media reports. The agreement was reached during talks in Jakarta between visiting Thai Prime Minister Anutin Charnvirakul and Indonesian President Prabowo Subianto, the Jakarta Globe newspaper reported.

According to Anadolu Agency, the two leaders adopted the Indonesia-Thailand Strategic Partnership Roadmap, which will guide bilateral cooperation over the next four years, and discussed expanding cooperation in trade, investment, food security, and the Association of Southeast Asian Nations (ASEAN). "Economic cooperation remains the cornerstone of our bilateral relationship. We are confident that the $20 billion trade target by 2030 can be achieved through the implementation of our strategic partnership roadmap," Prabowo said.

Further talks highlighted strengthening cooperation in food security, where both nations agreed to focus on agricultural technology, logistics, food processing, and supply chain resilience. Thailand proposed increasing its purchase of Indonesia's urea fertilizer, conditional on Indonesia opening its market to Thai rice and meat.

This visit marks the first by a Thai prime minister to Indonesia in 15 years. Thailand was the largest buyer of Indonesia's crude exports in the first half of 2026, accounting for a significant 88.81% of purchases, with Malaysia and China following. However, Indonesia did not sell any crude to foreign markets in some months, and its annual trade with Thailand has maintained around $17 billion over the past three years, according to government data.

The meeting between Prabowo and Anutin comes amid ASEAN's efforts to encourage more trade among its members. The Southeast Asian bloc aims to increase intra-ASEAN trade from the current 21% to 35% of its total commerce. On Tuesday, Anutin is scheduled to preside over a business forum and visit the ASEAN Secretariat to discuss regional cooperation with the bloc's secretary-general, as reported by state broadcaster Thai PBS World.