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Nigeria is Indonesia's second largest trade partner in Africa after South Africa, in 2011 the trade value reached US$2.09 billion accounted for 21.66 percent of Indonesia's total trade with Africa. [7] In 2013, the bilateral trade volume between the countries hits $2.2 billion.
In 2019, as Indonesia's share of global trade exceeded 0.5 percent, the United States Trade Representatives decided not to classify Indonesia as a "developing country." [ 139 ] Despite a revocation of this status, the Indonesian government has assured that this would not change the current Generalized System of Preferences facilities that ...
The current balance in 2013 as a percentage of GDP was 1.6%. Germany for 2013 was 238.61, and 2014 was 285.82 with each quarter between 2013 Q1 through 2015 Q2 ranging from a low of 54.13 in Q3 2013 to a high of 68.89 in Q1 2014. Germany's current account balance in Q2 2015 was up to 68.39. The current balance in Q2 as a percentage of GDP was 8.2%.
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 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
Balance of trade is the difference between the monetary value of a nation's exports and imports of goods over a certain time period. [1] Sometimes services are also considered but the official IMF definition only considers goods. The balance of trade measures a flow variable of exports and imports over a given period of time. The notion of the ...
The Bali Package is a trade agreement resulting from the Ninth Ministerial Conference of the World Trade Organization in Bali, Indonesia on 3–7 December 2013. It is aimed at lowering global trade barriers and is the first agreement reached through the WTO that is approved by all its members.