Indonesia eyes fish market expansion to Hungary

02 Februar, 2016 | Source: The Jakarta Post

Indonesia is to strengthen its relationship with Hungary through cooperation in water management and renewable energy, with Hungary providing water to 34 districts in Indonesia and the construction of a solar energy in North Sumatra worth US$20 million. - See more at: http://www.thejakartapost.com/news/2016/02/01/indonesia-boost-bilateral-cooperation-with-hungary.html#sthash.RbskHG3d.dpuf

In addition, Indonesia and Hungary would also work together in the technology and digital economy sectors, President Joko "Jokowi" Widodo said on Monday.

"I want Indonesian - Hungarian cooperation to be more robust in the future," Jokowi said during a bilateral meeting with Hungarian Prime Minister Viktor Orban at the State Palace.

In the bilateral meeting, the two countries signed memoranda of understanding (MoU) in fisheries and aquaculture, as well as in higher education.

For the state visit, Orban was accompanied by half of his Cabinet, including Foreign Affairs and Trade Minister Peter Szijjarto, Agriculture Minister Sandor Fazekas, National Economy Minister Mihaly Varga, National Development Minister Miklos Sesztak and Higher Education Minister Laszlo Palkovics.

On Indonesia′s side, Jokowi was accompanied by Trade Minister Thomas Lembong, Energy and Mineral Resources Minister Sudirman Said, Foreign Minister Retno LP Marsudi, Maritime Affairs and Fisheries Minister Susi Pudjiastuti and Research and Technology and Higher Education Minister M. Nasir.

Sudirman said that Indonesia was interested in exploring greater cooperation in solar energy with Hungary, not only in the construction of power plants, but also in solar-cell manufacturing.

"It was a preliminary high-level meeting and will be followed by ministerial meetings. After that, we will exchange delegations. It′s going to be a long-term process. For now,  the President has given direction that renewable energy should be pursued," Sudirman explained.

Indonesia has plans to build solar power plants of 5,000 megawatts in the next four years. "It’s a big chance for Hungary," the minister added.

Meanwhile, Orban said he was impressed by the development of Indonesia as a member of G20 that would play an important role in the international economy in the future.

"It’s the right time for Hungarian to get closer to Indonesia, in terms of political leadership and the people," he said, adding that Hungary had high skills and capabilities in terms of technology to support Indonesia′s development, especially in  water management.

In Jakarta, Orban is scheduled to oversee the Hungarian Business Forum, organized by the Indonesian Chamber of Commerce and the Hungarian Trading House, joined by 60 businessmen and representatives of various institutions from the central European country.

Hungary is the seventh-largest Indonesian trade partner in eastern and central Europe. The accumulative trade of both countries reached US$149.29 million in 2014, with a $24.45 million surplus on Indonesia’s side.

In terms of investment, Hungary recorded $0.5 million of foreign direct investment in two tourism projects in Indonesia in 2014 amid rapid growth of Hungarian tourist visits, up to 6,392 visitors in 2014.

 

 

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Strong consolidation needed to face global economic turbulence Reporter: Agus Salim 3 hours ago President Joko Widodo (Jokowi) addressing at a ceremony commemorating the 50th anniversary of the Indonesian Chamber of Commerce and Industry (Kadin) on Monday night. (Agus Salim) Jakarta (ANTARA News) - President Joko Widodo (Jokowi) reminded the country`s fiscal and monetary authorities and the business of the need for strong coordination and consolidation to face the global economic uncertainties. "Uncertainties in the global condition, trade war between the United States and China, increase in interest rate, crisis in Argentina and Turkey, would necessitate strong consolidation and coordination between the monetary and fiscal authorities and the business sector," Jokowi said addressing a ceremony commemorating the 50th anniversary of the Indonesian Chamber of Commerce and Industry (Kadin) here on Monday night. He said good coordination and consolidation would make it easier to develop the public and market confidence. "It is the same as in developing a corporation. Trust brand is vital. The state needs that. Building up trust and market confidence that the international communities, domestic market believe that we are working seriously to settle state problems," he said. He said Indonesia is a big country with a population of 263 million, the fourth largest in the world, having 17,000 islands and made up of 34 provinces. "It is not easy to manage such big country . Each area has own cases, and requirement different from each other," he added. He said developing Indonesia concerns not only economic and political aspects. "If we are concerned only with economic and political gains we need only to focus on development of Java, which is home to 60 percent of the country`s population, but we think of a nation. We are concerned not only with expanding business empire leaving Papua, North Maluku, NTT and other eastern Indonesian regions to suffer in backwardness," he said. Currently imbalance is still wide in infrastructure between the country`s western, central and eastern regions, he said, adding Indonesia is seeking to catch up with other countries. He cited three years earlier, Indonesia had only 231 water reservoirs and dams as against 6,000 dams in the United States and 110,000 dams in China. "This is fact that has to be presented and we have to do something about it," he said. He also spoke about progress made in the construction of toll roads saying after the Jagorawi toll road was operational until early 2015, Indonesia had only 780 km of toll road as against China`s toll roads totaling 280,000 km. "We need to know the condition we are in before we start working hard to make up for the gap especially in eastern Indonesia," he said. Reporting by Agus Salim Editing by Albert Saragih Editor: Bustanuddin COPYRIGHT © ANTARA 2018 AddThis Sharing Buttons Share to FacebookShare to TwitterShare to Google+Share to WhatsAppShare to LINEShare to PinterestShare to GmailShare to EmailShare to More Prev News Indonesia calls for reconciliation and justice for peace Next News Puan attends UN meeting on world peace Comments
President Joko Widodo (Jokowi) reminded the country`s fiscal and monetary authorities and the business of the need for strong coordination and consolidation to face the global economic uncertainties.
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