Businessmen From Indonesia Are Interested To Cooperate With Macedonian Companies

20 , 2011 | Source: Macedonian Information Agency

Skopje, (MIA) – Great distance, expensive transportation, lack of direct communication between companies and lack of information about business opportunities are the key reasons for the recently achieved small scale of cooperation between Macedonia and Indonesia.

One of the obstacles for intensifying the commodity exchange is the fact that Macedonian companies are focused on EU and regional market and do not explore new markets.

These conclusions were expressed at fair manifestation called "Trade Expo Indonesia" held today at Chamber of Economy of Macedonia. Presentation about the fair to be held in Jakarta from 19 to 23 October 2011 was presented by Mr. Nusa Eka, Director of Indonesian Trade Promotion Center (ITPC) seated in Budapest.

They visited Macedonia, as has been told, to inform about the opportunities for commodity exchange and about business conditions, as well to establish direct contacts.

Recently Indonesia has great need for import of waste plastic material. They are looking for company who is able to export waste plastic material, as well as distributor of car tires for third market. Also, ITPC Budapest offers support for finding direct business partners. Definitely not recommended searching, choosing and confirming business through internet, but directly through companies or institutions in charge, stated Ljubica Nuri, director of Chamber of Commerce of Macedonia.

Macedonia and Indonesia may cooperate in agriculture as well, first of all in the field of transfer of technology and know-how.

Government of Indonesia, told Nuri, is implementing program of supporting companies who intend to expand on non-traditional markets including Balkan and Central Europe.

Indonesia as a processing economy, mainly imports, but also exports raw material. Traditional markets are Far East, Australia and New Zeeland.

Macedonia last year had only 4 million dollars export to Indonesia, while import reached 59 millions. In 2009 export was 18 million and import stood at 49 million dollars, while in 2008 the export was 85 million and import stood at 109 million.

Until May this year export to Indonesia is not recorded. Most probably, as Nuri said, due to impact of global crisis on commodity exchange.

Macedonia imports from Indonesia mainly palm oil, spices, rubber, products of paper industry, textile and nickel. Before this year our main export was tobacco as raw material for cigars.

There is great interest among the Macedonian companies for the Trade Expo Indonesia, but so far two companies confirmed their participation. ITPC Budapest offers free of charge accommodation during the exhibition from 19 - 23 October 2011, one-to-one business meeting and visit to related institutions like chambers and Center for Trade Promotion.

At the fair there will be displayed different Indonesia export products, parts for automotives, electric appliances, shoes, furniture, textile, rubber, cocoa, coffee, crude palm oil, handicraft, herbal products, jewelry, leather, leather products, medical instruments, processed food, stationary, spices.

Representatives of Indonesian Trade Promotion Center announced that it will participate at the forthcoming food and agriculture exhibition "Agrofud" in Skopje. That will be potentially also opportunity for establishing direct contacts between companies.
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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.
President Joko Widodo (Jokowi) plans to visit Turkey to develop partnership in strategic industry and economy with the country, Foreign minister Retno Marsudi said here on Monday at the state palace after a meeting prior to the presidents visit to Turkey and Germany.
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.
The United Nations Food and Agriculture Organization (FAO) has praised Indonesia for its role in fighting illegal, unreported, unregulated (IUU) fishing, the Indonesian Embassy in Rome said.
Indonesias real GDP growth is projected to increase from 5.2 percent this year to 5.3 percent in 2018, according to the World Banks June 2017 Indonesia Economic Quarterly.
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