A memorandum of cooperation was signed between the Moscow Chamber of Commerce and Industry and the Jakarta Chamber of Commerce and Industry (Indonesia).
The signing took place on August 4, during the Russian-Indonesian business forum, organized by the Russian-Indonesian Business Council and the Chamber of Commerce and Industry of the Russian Federation, with the support of the Embassy of the Republic of Indonesia in Moscow.
The Vice President of the MCCI, Mr. Suren Vardanyan, signed the document with Mr.Eddy Kuntadi, the President of the Jakarta Chamber of Commerce. The ceremony was attended by the Deputy Minister of Industry and Trade of the Russian Federation, Mr. Oleg Ryazantsev, and the Indonesian Minister of Trade, Mr. Enggartiasto Lukita. The document assumes a long-term cooperation in order to strengthen economic relations for the comprehensive aid for the development of both countries, especially in the areas of trade, investment and technology.
The Vice President of the Moscow Chamber of Commerce and Industry is sure that the interaction between Moscow and the Indonesian businessmen has a significant potential. In particular, Moscow’s entrepreneurs can supply equipment and technologies to Indonesia. For Indonesian companies, an attractive opportunity is the delivery of certain types of food to the market of the capital.
At the business forum, the main appealing areas for cooperation were identified: tourism, valuable Indonesian timber, coffee, cocoa, spices, textiles, naturalcosmetics, etal. The Heads of Jakarta, Bengkulu, the West and East Java regions, Kalimantan, etc., demonstrated the possibilities of their respective Indonesian provinces.
Indonesia is becoming an important partner of Russia in ASEAN, and this is beginning to look more and more like a fait accompli, as direct investment contracts are beginning to replace investments through third countries.
According to the Ministry of Industry and Trade of the Russian Federation, the trade turnover between Russia and Indonesia amounted to $ 2.5 billion in 2016, which is 33.3% more than in 2015, and in January-May of 2017, added another 15% growth to 2016’s by more than $ 1 billion.The next strategic step, which is being discussed by the parties, is the entry of Indonesia into the Eurasian Economic Union (EAEU).