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The Government of the Republic of Serbia

In the service of citizens

Serbia, Indonesia to step up economic cooperation

Belgrade, 26 September 2012

Deputy Prime Minister and Minister of Foreign and Internal Trade and Telecommunications Rasim Ljajic met today with Indonesian Deputy Minister of Trade Deddy Saleh to discuss further improvement of their countries’ economic cooperation.

During the meeting with the Indonesian delegation, Ljajic underlined that the political relations between the two states are at the highest level, without any unresolved issues, and that the Business Forum of Serbian and Indonesian business people, to be held in Belgrade tomorrow, is an excellent opportunity to boost their economic cooperation with the aim of increasing their trade and investment volumes.

At the meeting they agreed that the Business Forum is the right place to define further steps in the improvement of Serbia and Indonesia’s economic relations, as well as that agriculture, the food industry and military-economic trade are areas where this cooperation can be most easily improved.

Saleh underlined that Serbia may soon become one of the most appealing investment targets for Indonesian investors in the region, bearing in mind its geostrategic position and the fact that it has access to the market with several million people through the CEFTA Agreement, the Interim Trade Agreement with the EU and free trade agreements with Russia, Belarus, Kazakhstan and Turkey.