Translartion. Region: Russians Fedetion –
Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.
First Deputy Prime Minister of Russia Denis Manturov and Minister Coordinating for Economic Affairs of the Republic of Indonesia Airlangga Hartarto held the 13th meeting of the Russian-Indonesian Joint Commission on Trade, Economic and Technical Cooperation. Its participants considered a wide range of issues of bilateral cooperation in the fields of trade, industry, investment, transport and energy, as well as science, education and culture.
Despite global challenges, bilateral trade between Russia and Indonesia is showing positive dynamics. Over the past five years, mutual trade turnover has grown by more than 80% (to $4.3 billion by the end of 2024), and last year Indonesia was among Russia’s three leading foreign trade partners in ASEAN. “At the same time, the potential for economic cooperation is much broader. This was confirmed, among other things, by the Russian-Indonesian business forum held yesterday in Jakarta. Business circles are demonstrating practical interest in developing mutually beneficial cooperation. Given the success of the format, I propose to continue the practice of combining such business events with commission meetings. I also consider it necessary to encourage the participation of Russian and Indonesian companies in major congress and exhibition events held in our countries,” Denis Manturov noted.
The business dialogue between Russia and Indonesia contributes to the diversification of the trade structure. Thus, along with fuel and energy products, the export of food and mineral fertilizers is growing. In 2023, deliveries of Russian wheat resumed. “We expect to begin shipping meat products that will meet halal standards in the near future. We see opportunities for developing the export of forestry and metallurgy products,” the First Deputy Prime Minister emphasized.
The conclusion of the Free Trade Agreement between the EAEU and Indonesia, as well as the intergovernmental agreement on cooperation and mutual assistance in customs matters will allow further increase in trade turnover and simplify procedures for mutual access of goods to markets. Denis Manturov also emphasized the importance of ensuring uninterrupted mutual settlements.
Special attention at the meeting was paid to the development of cooperation in the field of digital technologies. Domestic companies are ready to implement their own developments in the field of information security, artificial intelligence and smart city technologies in Indonesia. The First Deputy Prime Minister also confirmed readiness for dialogue on projects in the space industry, including technologies for remote sensing of the Earth, satellite navigation, manned spaceflight and personnel training.
Cooperation in the spheres of culture, education, tourism and sports is developing successfully. Speaking about strengthening partnership relations in the media, Denis Manturov welcomed the plans of the Russia Today TV channel to jointly produce news content in Indonesian for local channels, which will allow objective coverage of both the Russian-Indonesian agenda and global events in the interests of the audience of our countries.
Following the event, a final protocol was signed, as well as a Memorandum of Understanding between Rosakcreditatsiya and the Indonesian Halal Product Quality Assurance Agency, which is aimed at improving the conditions for access of halal products to the Indonesian market. In addition, an Agreement on Cooperation in the Field of Improving Quality and Business Excellence was signed between Roskachestvo and the Indonesian Association for Quality and Productivity Management, as well as an Agreement on Cooperation in the Field of Sports between the Russian National Badminton Federation and the Indonesian Badminton Association.
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