Indonesia-Russia build economic cooperation amount U.S. $ 5 billion

MOSCOW-Joint Commission Meeting Indonesia-Russia agreed to improve economic agreements amount U.S. $ 5 billion through 2014 in the areas of transportation, hilirisasi mineral industry and the opportunity for food safety to be improved in the future.

Chaired the Joint Commission Meeting Indonesia Coordinating Minister for Economy, Hatta Radjasa and Dmitry Rogozin, Russia's Deputy Prime Minister. Both were accompanied by Ambassador of Indonesia to Russia, Djauhari Oratmangun and Russian Ambassador to Indonesia, Alexander Ivanov.

According to Hatta Radjasa both parties have reached an agreement that some very high economic value. Russia for example, will realize its investment in the railway network in East Kalimantan amount U.S. $ 2.5 billion.

"Hopefully, this grand project in 2012 has begun work on, and two years later began to be built. Russian railways are also expected to invest in other parts of Indonesia such as Sulawesi and Sumatra, "he said on Monday night (25/06/2012).

In addition, regular direct flights affair received widespread attention from the participants recall the Joint Commission VIII Air Service Agreement which became the umbrella of regular direct flights have been signed since two years ago but has not been realized until now.

Direct flights are expected to encourage an increase in Russian tourists to Indonesia and vice versa, and open up huge opportunities for increased trade is pegged at U.S. $ 5 billion in 2015. Russian tourists who visited Indonesia last year reached 89 thousand people.

Meanwhile, specialized in the field of food safety, Indonesia and Russia have agreed to co-exist in the matter of food. Indonesia pledged to continue to buy Russian wheat for their food and ready to infuse capital to the development of instant noodle factory in the former communist country. This activity is expected to be reduced by trading through a third party that carries consequences prices.

"I hope, the trade deal would be worth more than U.S. $ 5 billion. A number of fairly in boosting economic cooperation. We will also encourage more Indonesian students studying in Russia and Russian students went to Indonesia. Currently, only about 115 Russian students in Indonesia and vice versa, "said Hatta.

Meanwhile, Russia has said it will invest in Indonesia for processing smelter, to develop nuclear technology for peaceful purposes, as well as cooperation for the satellite manufacturing and satellite monitoring of natural disasters.

According to Rogozin, a figure of U.S. $ 5 billion in trade volume target of 2015 was not a pretty figure in its early stages and within easy reach. Seeing the potential of existing trade relations between the two countries is still very likely to be improved.

"Indonesia and Russia are two big countries. Indonesia's population doubled from Russia, while Russia is much larger region of Indonesia. We have the potential to move forward together, "said Rogozin.

Both agreed that the two sides share many common views. Improved Joint Commission Meeting at the level of the Coordinating Minister and Deputy Prime Minister is a proof of seriousness to toss a strategic partnership between the two countries.

"With such a high level, then in fact we were the guarantors for the implementation of all decisions that have been articulated together," said Hatta.
At the end of the activities of the Joint Commission Meeting, Hatta and Rogozin signed an agreement that has been made before the trial after Indonesia and Russia also signed a Memorandum of Understanding for the Exchange of Trade Statistics.

While the Memorandum of Understanding which was delayed due to change of official signatories are on Education Cooperation. (*)

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