The newly established Indonesia-Thailand Joint Trade Commission could play a crucial role in accelerating bilateral trade, provided it functions as an effective policy implementation mechanism rather than a ceremonial forum, according to international relations analyst Andrea Abdul Rahman Azzqy.
Andrea said the commission should prioritize practical measures such as harmonizing product standards, reducing non-tariff trade barriers, and introducing an early warning mechanism to address potential trade disruptions. These initiatives, he argued, would help improve the flow of goods and strengthen economic ties between the two Southeast Asian nations.
The commission was launched following an agreement between Indonesian President Prabowo Subianto and Thai Prime Minister Anutin Charnvirakul. Its primary mandate is to expand market access while eliminating trade obstacles that have limited bilateral commerce.
Andrea believes the body will also be instrumental in achieving the US$20 billion bilateral trade target by 2030, a goal outlined in the Indonesia–Thailand Strategic Partnership Roadmap 2026–2030.
Trade between the two countries has shown consistent strength over recent years. Bilateral trade reached US$16.23 billion in 2021, increased to US$19.19 billion in 2022, and remained relatively stable at around US$17.5 billion during 2023 and 2024. In 2025, total trade grew 1.35% year-on-year to US$17.67 billion.
Data from Indonesia’s Ministry of Trade also indicates that trade volume during the first half of 2026 had already reached US$9.80 billion. If the current pace continues, total trade for 2026 is projected to approach US$19.6 billion, bringing the two countries close to surpassing the 2030 target several years ahead of schedule.
To maximize this momentum, Andrea emphasized the importance of expanding exports with higher added value. He identified processed seafood products, automotive components, and pharmaceutical and healthcare products as sectors with strong potential in the Thai market while also strengthening Indonesia’s role in regional supply chains.
Beyond trade, Andrea suggested both countries deepen cooperation in strategic areas such as agricultural technology transfer, tourism workforce development, and renewable energy research. According to him, sustainable partnerships are built not only through increased trade but also through knowledge sharing and long-term capacity building.
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