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Russia-Indonesia trade turnover to make $3B by yearend - ambassador to Jakarta

November 29, 2013, 8:11 UTC+3 BANGKOK
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BANGKOK, November 29, 8:04 /ITAR-TASS/. The trade turnover between Russia and Indonesia, a major economy in the Asia-Pacific region, will make three billion dollars by the yearend, Russia’s Ambassador to Jakarta Mikhail Galuzin said in an interview with Itar-Tass.

“Over the first six months, the mutual trade turnover grew by over twelve percent year-on-year to 1.7 billion dollars. Thus, the forecast by the yearend may be three billion dollars,” he said. Russian and Indonesian counterparts have been negotiating major joint projects, the ambassador said. “Government of the East Kalimantan province and the Kalimantan Rail Company, which represents the Russian Railway Company, signed a memorandum on mutual understanding in February 2012 on building of a railroad and its infrastructures in the province. RUSAL has been negotiating construction in West Kalimantan of a bauxite and alumina plant with capacity of 1.8 million tonnes per year. Other joint projects include satellite navigation, civil aviation, and peaceful use of nuclear energy.”

Civil aviation is a priority sector in the cooperation between Russia and Indonesia, Galuzin said. In 2011, Indonesia’s Sky Aviation signed an agreement with the Sukhoi Corporation on leasing of twelve SuperJet-100 planes. “Under the contract, first two planes arrived in Indonesia in February and August of the current year. The third plane is due to come to Indonesia by the yearend.”

The diplomat also stressed the dynamic development of the military-technical cooperation between Moscow and Jakarta. “We are proud that the Russian armoury, well known around the world, is used for improvement of Indonesia’s defence potential. In September, the Russian side completed ahead of the term supplies of six Sukhoi-30MK2 battle planes. Russia is also working on supplies of BMP-3F armoured vehicles,” the ambassador said.

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