MILES AXLE Translation. Region: Russian Federation –
Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.
Denis Manturov with Indonesian President Prabowo Subianto
The First Deputy Prime Minister, on behalf of President Vladimir Putin, headed the Russian delegation at the inauguration of the country’s elected President Prabowo Subianto. Denis Manturov was received by the President of Indonesia and also held talks with the Minister and Coordinator for Economic Affairs of the Republic of Indonesia, Airlangga Hartarto.
Trade and economic relations between Russia and Indonesia are showing positive dynamics. “Over the past three years, mutual trade turnover has grown by three quarters and by the end of 2023 amounted to 4.1 billion dollars. This year, despite unfavorable external factors, we have generally managed to maintain a stable level of trade turnover,” Denis Manturov noted.
The First Deputy Prime Minister discussed bilateral cooperation in the trade, economic and humanitarian spheres with his Indonesian colleagues. The conclusion of the Free Trade Agreement between Indonesia and the EAEU is of great importance for strengthening trade and economic cooperation. Work on the draft agreement is at an advanced stage. Speaking about specific industry areas of cooperation, Denis Manturov singled out the agro-industrial complex. “We have restored supplies of Russian wheat to Indonesia and see preconditions for increasing supplies, given Russia’s leading position in the global grain market. Russia is also ready to increase exports of mineral fertilizers in demand in Indonesia, and to meet the needs of Indonesian partners for fuel, including oil and LNG,” he emphasized. Promising areas of cooperation that were also discussed during the working visit were the peaceful use of nuclear energy and the space sector.
Next year, Russia and Indonesia are preparing to celebrate the 75th anniversary of the establishment of diplomatic relations. The Soviet Union was one of the first countries to recognize Indonesia’s sovereignty and independence from the Netherlands in 1950. A plan of joint events dedicated to the landmark date has already been prepared. An extensive business and cultural program will be provided for as part of the next meeting of the Intergovernmental Russian-Indonesian Commission on Trade and Economic Cooperation, which will take place in March 2025.
Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.
Please note; This information is raw content directly from the information source. It is accurate to what the source is stating and does not reflect the position of MIL-OSI or its clients.