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Indonesia believes that the historic bond and good bilateral relations cast by each international locations a long time in the past may be utilised because the capital of each strategic step for additional exploration of cooperation potentials between Indonesia and Bosnia and He
Jakarta (ANTARA) – Indonesia and Bosnia and Herzegovina agreed to reinforce financial relations by bolstering commerce and funding potentials that each international locations possess.
“Indonesia believes that the historic bond and good bilateral relations cast by each international locations a long time in the past may be utilised because the capital of each strategic step for additional exploration of cooperation potentials between Indonesia and Bosnia and Herzegovina,” Coordinating Minister of Financial Affairs Airlangga Hartarto famous in his assertion right here on Tuesday.
The coordinating minister’s assertion was made in response to Bosnian Overseas Minister Bisera Turkovic’s remarks that cooperation between each nationwide chambers of commerce might bolster efforts to reinforce financial cooperation that each international locations pursue.
Hartarto expressed his assist to reinforce cooperation with Bosnia and Herzegovina within the defence trade, business-to-business, and hospitality trade.
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The coordinating minister highlighted that Indonesia and Bosnia and Herzegovina have large potential within the commerce sector, as the full commerce worth recorded between each international locations in 2021 reached US$1.85 million.
Whereas Indonesia’s most important export commodities to Bosnia and Herzegovina are cocoa powder, musical devices, and phone units, Bosnia’s most important export commodities to Indonesia are centrifuges and footwear, he said.
In the meantime, the Bosnian overseas minister welcomed Indonesia’s palm oil and funding within the meals trade, together with inviting Indonesia to open an instantaneous noodle manufacturing facility in Bosnia and Herzegovina.
“Bosnia and Herzegovina welcomes Indonesia’s palm oil commodity and invitations Indonesia to spend money on the meals sector in Bosnia and Herzegovina,” Turkovic said.
She highlighted logistical challenges attributable to Bosnia and Herzegovina’s geographic circumstances and reliance on neighbouring international locations for logistical flows as one problem in bolstering financial cooperation between each international locations.
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The overseas minister prompt each international locations to debate the plan to determine a direct to-and-fro connection between Jakarta and Sarajevo.
In the course of the assembly, Hartarto and Turkovic additionally mentioned present world circumstances, particularly the consequences of the Russia-Ukraine battle on the West Balkan area and vitality safety and meals safety points.
Turkovic affirmed that the Russia-Ukraine battle had minimal impact on the meals sector in her nation, as Bosnia doesn’t import a lot wheat from Ukraine.
She additionally emphasised that the opposite focus of the Bosnian authorities in participating relations with Indonesia is to reinforce cooperation within the navy and defence sectors, significantly with the Indonesian state-owned armaments firm PT Pindad.
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