Indonesia, Turkey set US$10 Billion Trade Target

02 June, 2011 | Source: The Jakarta Post

Indonesia plans to increase its trade with Turkey up to US$10 billion, Cabinet Secretary Dipo Alam says.

Turkish fare: Cabinet secretary Dipo Alam (center) with a delegation of Turkish entrepreneurs admire a food display at the opening of the “Turkish Export Product Fair 2011” at the Jakarta Convention Center in Senayan, South Jakarta, on Thursday. The fair boasted 33 Turkish companies and would run until July 4. (ANTARA/ Ujang Zaelani)

Speaking at the opening ceremony of the Turkish Export Products Fair 2011 in Jakarta on Wednesday, Dipo said that the countries had yet to meet the ideal trade amount. The current bilateral trade amounted to less than $2 billion.

“The government targets to increase trade with Turkey up to $10 billion. People in the two countries are potential buyers of our respective products,” he said as reported by kompas.com.

“Turkey, with its population that reaches 70 million, and Indonesia’s of more than 200 million, are markets with a lot of potential.”

Particularly for Indonesia, Turkey was a gateway into wider markets such as Europe, the Middle East, West Asia and Africa.

To support the economic partnership, both countries have signed a memorandum of understanding on visas. “Our traders only need visas on arrival to enter the countries,” he said. Turkish Airlines, the Turkish national flag carrier, also provided more flights from Jakarta to Istanbul.

 

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President Joko Widodo (Jokowi) said Indonesia already enters years of low inflation, with inflation around 3 percent in the past two years.
President of the World Bank group, Jim Yong Kim, here on Tuesday expressed his support to the Indonesian governments plan on the tax reform program, which aimed to increase the state budgets income.
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Indonesian Foreign Minister Retno Marsudi and her Maldivian counterpart Mohamed Asim will hold a bilateral meeting in Jakarta on Wednesday (June 21) to discuss the cooperation in tourism sector.
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