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Bilateral trade between Indonesia and the Netherlands has always been a surplus for Indonesia.

JAKARTA (ANTARA) – Indonesia and the Netherlands have stepped up their bilateral trade and investment cooperation through a meeting between Coordinating Economy Minister Airlangga Hartarto and Dutch Prime Minister Mark Rutte.

The meeting took place on Wednesday, May 25, in Davos, Switzerland, on the sidelines of the 2022 World Economic Forum Annual Meeting.

“The bilateral trade between Indonesia and the Netherlands has always been a surplus for Indonesia,” he said in an official statement in Jakarta on Thursday.

In 2020, bilateral trade between the two countries was US$3.92 billion, with national exports reaching US$3.11 billion and imports reaching US$804.3 million.

The Netherlands is Indonesia’s eleventh largest exporter. Commodities that make up total exports include palm oil at 14 percent; chemicals, 12 percent; And copra and its derivatives six percent.

other vegetable or animal oils and their derivatives, six percent; petroleum, five percent; chocolate, butter, fats and oils, three percent; In addition to tin three percent; footwear, two percent; And acids and their derivatives two percent.

In the period 2016-2021, the Netherlands was listed as the 5th largest investor out of a total of 157 countries investing in Indonesia. The investment is worth US$9.68 billion, or 5.43 percent of total foreign investment.

34 percent of investments in the electricity, gas and water sectors; 1.92 percent in the transportation, warehousing and telecommunications sectors; And 16.7 percent in the mining sector.

The two countries signed a Memorandum of Understanding on April 24, 2020 to collaborate on sustainable palm oil production in 2019 and technical agreements in 2020 and an agreed NI-SCOPS implementation plan.

He called for increased cooperation in the semiconductor sector and increased investment by Dutch companies in Indonesia, namely Unilever in the Sei Mangkei Special Economic Zone, Philips in the medical field and the construction of a Frisian flag factory in Sigarang. .

Prime Minister Rutte hopes that the investment process for Dutch companies’ business expansion will be eased through structural reforms that will promote the efficiency and effectiveness of the licensing process in Indonesia.

While Indonesia sometimes offers investment opportunities in both higher education and vocational training in the education sector, the Netherlands welcomes the idea.

The Netherlands offers the Nuffic Neso Scholarship which offers opportunities for Indonesian students who wish to study in the Netherlands.

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