Indonesia, Slovakia seek to boost trade, investmentSouce:Xinhua Publish By Jane B. Hatcher Updated 11/12/2012 12:28 am in Business / no comments
JAKARTA, Dec. 10 — The governments of Indonesia and Slovakia on Monday seek to raise trade volume and investment between the two countries.
During a meeting between Indonesian Coordinating Minister for Economy Hatta Rajasa and his Slovakian counterpart Tomas Malatinsky, the two sides discussed ways to step up trade and investment of the countries. “This morning I met with Mr. Malatinsky. It was discussed on how to increase the trade volume and investment,”Hatta said at JW. Marriot Hotel.
To help reach the goal, Slovakia opens its representatives office for trade and investment in Jakarta on Monday, according to Hatta. “I hope, with the new office, the flows of investment and trades of Indonesia and Slovakia will rise in the future,” he said.
The trade volume between Indonesia and Slovakia has risen on an average 6.1 percent annually over the past five years. In 2011, total trade volume between the two countries reached 65.95 million U.S. dollars, lower than 84.5 million U.S. dollars in 2010.
Indonesia’s main exports commodities to Slovakia are palm oil, rubber, footwear component, while Slovakia exports engine, electronic and cars and ammunitions.
Six deals on energy cooperation have been signed between the two countries in Batam islands of Indonesia with a total investment of 1.4 billion U.S. dollars.
Indonesia and Slovakia will hold the third joint economic committee in Indonesia next year, according to Hatta.