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The balance of trade is heavily in favour of Saudi Arabia, because of its oil and gas exports to Indonesia. Migrant worker abuse and death sentences faced by Indonesian workers in Saudi Arabia are the main problems that strained diplomatic relations between two countries. Sri Lanka: 6 August 1952: See Indonesia–Sri Lanka relations
Although the trade volume is relatively small with a value of US$36 million in 2007, [5] Indonesia sees Fiji as a potential gate to enter the South Pacific market. According to the Indonesian Center for Statistics, the trade balance was heavily in favor to Indonesia that enjoyed trade surpluses for years.
The agreement was signed on 18 December 2020 in Seoul by South Korean Minister of Trade, Industry and Energy Sung Yun-mo and the Indonesian Minister of Trade Agus Suparmanto. [ 2 ] [ 7 ] The South Korean National Assembly ratified the agreement on 29 June 2021, [ 4 ] while Indonesia's People's Representative Council ratified the agreement on 30 ...
But China is Indonesia’s largest trading partner, with two-way trade exceeding $127 billion in 2023. Imposing higher tariffs could prompt Chinese manufacturers to invest in more in factories in ...
China is Indonesia's biggest trade partner and a major source of foreign investment, while China relies on Southeast Asia's largest economy for mineral resources and sees it as a key partner in ...
The Indonesia-United States Free Trade Agreement is a proposed bilateral free trade agreement between Indonesia and the United States in 2023. It was made on the possibility of a limited free trade agreement aimed to encourage trade between the two countries, particularly in the sector of rare earth materials involving nickel .
President Sukarno of Indonesia greeted at Beijing airport by Mao Zedong flocked by Indonesian-Chinese flags Mao Zedong and Sukarno. After the Indonesia's independence in 1945 and the acknowledgement of its sovereignty from the Dutch in 1949, Indonesia established political relations with China (previously with Republic of China and later with People's Republic of China) in 1950. [21]
The value of bilateral trade between the nations in 2013 is US$260 million. [5] In 2011, trade balance between Indonesia and Switzerland was in favour to Switzerland, that recorded 277.1 million Swiss francs (US$299.077 million) trade surplus.