Indonesia to capture huge chance in Bangladesh

25 March, 2013 | Source: The Jakarta Post

Indonesia opened a new chapter in bilateral ties with Bangladesh, committing to enhance contacts between public officials and the private sector in a bid to expand cooperation in one of the major non-traditional markets for Indonesian products.


During his two-day visit in Dhaka, Foreign Minister Marty Natalegawa met with his Bangladeshi counterpart Dipu Moni on Thursday, followed by a courtesy call with Prime Minister Sheikh Hasina on Friday.

“Our meeting has created positive momentum for the two countries to continue working together to bolster cooperation and advance our relations in all areas,” Marty said in a release sent to The Jakarta Post on Friday.

The two ministers discussed ways to explore initiatives to develop cooperation in various areas including trade and investment, agriculture, defense, education, food security, good governance, counterterrorism, research and technology as well as disaster mitigation and management.

Marty said that bilateral relations with Bangladesh, the world’s fourth largest Muslim population, remained strong since 1972.

In 2012, trade value between Indonesia and Bangladesh was recorded at US$1.17 billion. Bangladesh’s economy in the past three years has consistently grown above 6 percent.

Indonesia and Bangladesh are categorized under the so-called “Next Eleven” (N-11), a concept created by Goldman Sachs’ Jim O’Neill in 2005, in which he identified the next eleven emerging countries that could have a BRIC-like impact on the world economy.

The N-11 comprises Bangladesh, Egypt, Indonesia, Iran, Korea, Mexico, Nigeria, Pakistan, Philippines, Turkey and Vietnam.

Marking the first working visit to Bangladesh, Marty noted that the close friendship between President Susilo Bambang Yudhoyono and Prime Minister Hasina had contributed to the strengthening ties.

Both ministers concluded with an exchange of notes for the ratification of the Agreement on Visa Exemption for Holders of Diplomatic/Services Passports signed by the two countries in August 2010.

Indonesia and Bangladesh agreed to the convening of the forthcoming third meeting of the joint commission for bilateral cooperation in Bangladesh in 2013/2014 at the ministerial level. The two previous meetings in 2007 and 2010 were led by the respective senior officials at the director general level.

Besides bilateral issues, the ministers also discussed regional challenges including the Rohingyas.

 

Indonesia is preparing steps in response to the European Union`s (EU`s) plan to phase out the use of palm oil-based biofuel energy that will affect palm oil-producing countries.
As many as 93 forestry and environment experts from various countries will attend the 3rd Asia Pacific Rainforest Summit (APRS) which will be held in Yogyakarta on April 23--23 to discuss progress in the implementation of Paris Agreement.
Ciletuh-Pelabuhanratu geopark has officially been declared as part of the UNESCO Global Geopark (UGG) which will be a new history for tourism in West Java.
Finance Minister, Sri Mulyani Indrawati, was named the best finance minister in Asia and the Pacific for 2018 by Hong Kong-based financial magazine FinanceAsia for the second time in a row.
President Joko Widodo (Jokowi) noted here on Monday that Indonesia is a large country, whose economy will grow stronger and increase in 2030.
President Joko Widodo (Jokowi) has stated that according to US News and World Report survey results, Indonesia was in the second place among the world`s two most attractive countries for investment destination.
Address: 1068 Budapest, Városligeti fasor 26. | MAP |
Phone: (+36-1) 413 3800 Fax: (+36-1) 322 8669
E-mail: embassy@indonesianembassy.hu