This is an increase of nearly 300% over the same period in 2018.

Minister Emil Karanikolov: The Indonesian market is the market of the largest economy in Southeast Asia with over 250 million consumers and the visit to Bulgaria of a business mission from Indonesia is an excellent opportunity to present the advantages and qualities of the production on both sides.

For the first five months of 2019, trade with Indonesia is worth US $ 137.3 million, an increase of nearly 300% over the same period in 2018, said Economy Minister Emil Karanikolov in his speech at the opening of the – Indonesian Business Forum in Sofia, the Economy Ministry reports. The forum was organized by BCCI and was attended by nearly 50 business representatives from both countries, 12 of which are Indonesian companies. The forum also signed an agreement on cooperation between the two chambers of commerce and industry.

Before opening the event, the Minister of Economy met with Indonesian Foreign Minister Rutno Marsudi, who is on an official visit to Bulgaria. The two discussed enhancing trade and economic relations between the two countries, as well as business opportunities.

Minister Karanikolov said that our country has the potential to attract Indonesian investments and provide favorable opportunities for activities in a number of fields such as information and communication technologies, electronics and electrical engineering, mechanical engineering, auto parts, high-tech industrial production and services, agriculture and food industry. , transport and logistics infrastructure and tourism.

According to him, the Indonesian market is the market of the largest economy in Southeast Asia with over 250 million users and the visit to Bulgaria of a business mission from Indonesia is an excellent opportunity to present the advantages and qualities of the production on both sides.

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Indonesia is one of the richest natural resource countries in the world. Total methane reserves amount to 81.5 barrels of oil equivalent, ranking second in the world after China.

Property:

• Agriculture 21%
• Industry 35%
• Services 44%

Crop production: Rubber plants, coconut, oil palm, tea, coffee, tobacco, cocoa, spices, quinine bark, sugar cane, rice, corn, batatas, peanuts, soybeans.

Underdeveloped stockbreeding. Fishing, seafood production.

Extraction and processing of wood, oil, natural gas, coal, tin, bauxite, manganese, copper, nickel, asbestos, asphalt, phosphorites, rock salt, gold, silver has been developed. Processing of agricultural raw materials, textile, machine building, shipbuilding industry.

Main ports: Jakarta, Kupang, Palembang, Semarang, Surabaya, Ujungpadang

Exports: oil and natural gas, plywood, textiles, rubber mainly to Japan, EU, USA, Singapore, Republic of Korea, Hong Kong, China, Taiwan.

Imports: machinery and equipment, chemicals, industrial oils, foodstuffs from Japan, USA, Singapore, Germany, Australia, South Korea, Taiwan, China.