Indonesia, netherlands discuss economic cooperation

04 July, 2018 | Source: Antara News

Indonesian Foreign Minister Retno Marsudi met with her Dutch counterpart Stephanus Abraham Blok and discussed efforts to increase economic cooperation between both countries.

"The Netherlands is an important partner of Indonesia for economic cooperation in the European market," Foreign Minister Retno Marsudi stated here on Tuesday.

The bilateral meeting between foreign affairs ministers of Indonesia and the Netherlands took place at the Pancasila building at the Ministry of Foreign Affairs of the Republic of Indonesia in Jakarta.

During the bilateral meeting, the two foreign ministers discussed efforts to improve partnership and economic cooperation between Indonesia and the Netherlands, one of which being through negotiation on comprehensive economic partnership between Indonesia and the European Union.

"Indonesia and the European Union are currently negotiating a comprehensive economic partnership, which will be completed soon," Foreign Minister Marsudi noted.

In 2018, Indonesia and the Netherlands enter the fifth year of the Joint Declaration on the Comprehensive Economic Partnership Agreement.

"The Netherlands is the second-largest trading partner in Europe for Indonesia," the Indonesian foreign minister stated.

The value of bilateral trade between Indonesia and the Netherlands reached US$5 billion in 2017.

"Several Indonesian export commodities enter Europe through Dutch ports. Indonesia`s largest export commodity to the Netherlands is palm oil," Foreign Minister Marsudi noted.

In addition, the Netherlands is the seventh-largest investor in Indonesia, with an investment value of $1.49 billion spread across 871 projects by 2017.

Related to the tourism sector, Minister Marsudi stated that the number of Dutch tourists visiting Indonesia had increased by 5.31 percent in 2017 to reach 250,844 people.

Meanwhile, Minister Blok expressed the Dutch government`s keenness to enhance bilateral cooperation with Indonesia.

"Indonesia as the 16th-largest economy in the world and is one of the major economic partners of the Netherlands, and the two countries are now working to improve economic cooperation," Blok stated.

 

The Indonesian government plans to issue savings sukuk (Islamic bonds), series ST007, to expand the base of retail investors in the domestic financial market and finance green projects in the state budget (APBN).
President Joko Widodo recently signed a regulation specifying the procurement and immunization schedule for the COVID-19 vaccine for Indonesia, which has been battling the deadly disease since March 2 this year.
President Joko Widodo on Wednesday said the coronavirus pandemic has reminded the nation and the state of the importance of science and technology.
Indonesian Foreign Affairs Minister Retno Marsudi offered her condolences and sympathies to the families of the victims of the explosion that rocked Beirut in Lebanon on Tuesday evening.
Indonesia is working with South Korea to develop a vaccine for the novel coronavirus disease, in addition to collaborating with China.
Indonesia′s economy will start to open and recover from the COVID-19 crisis in August this year, the World Bank′s Country Director for Indonesia, Satu Kahkonen, stated on Thursday.
Address: 1068 Budapest, Városligeti fasor 26. | MAP |
Phone: (+36-1) 413 3800 Fax: (+36-1) 322 8669
E-mail: embassy@indonesianembassy.hu