European lyrics of Indonesia for business and investment in the MEA era

`Indonesia has its own attraction for foreign investors to develop their businesses in Indonesia. The opening of the ASEAN market has made countries in Europe and America compete to expand their businesses to the Southeast Asian market, including Slovenia,` said Director General for National Export Development at the Ministry of Trade Nus Nuzulia Ishak in Jakarta, Friday. Slovenia, a former Yugoslav state in Central Europe with a stable and growing economy, and on Friday (4/3) the State Secretary of the Slovenian Ministry of Economic Development and Technology, Ales Cantarutti, paid a courtesy visit to Indonesia to explore business and investment opportunities. According to Nus, increasing trade and investment cooperation with Slovenia will have a significant impact on national economic growth and this is a good opportunity to increase Indonesian exports, especially to Slovenia. According to Nus, since bilateral relations between Indonesia and Slovenia began in 1992, trade cooperation between the two countries has continued to grow. The total trade between Indonesia and Slovenia in 2015 was recorded at US$ 106 million, an increase of 11.74 percent from the previous year. Currently, Indonesia's main partners in Europe include the Netherlands, Italy, Germany, and Spain. Meanwhile, Slovenia's main trading partners include Germany, Austria, Croatia, Italy, and France. In 2015, Indonesia's exports to Slovenia were recorded at US$ 93.25 million, or up 12.88 percent from the previous year. Meanwhile, Indonesia's imports from Slovenia in the same year amounted to US$ 12.78 million, up 4.09 percent. In the meeting, Nus was accompanied by representatives from the Indonesian Chamber of Commerce and Industry, the Investment Coordinating Board (BKPM), the Ministry of Energy and Mineral Resources (ESDM), and the Ministry of Defense. Meanwhile, the Slovenian Delegation consisted of a number of officials, members of the Slovenian Chamber of Commerce and Industry, and seven Slovenian business actors from various sectors. One of the agenda items of the visit is a business-to-business (B2B) meeting between Slovenian business actors and Indonesian business actors. The Slovenian delegation is also scheduled to visit several companies in Jakarta to find the right partners for joint ventures and to see the production activities firsthand. The sectors targeted by Slovenia in this visit include energy, wood processing, electronic transmission, defense equipment, and waste management. The arrival of the Slovenian business delegation is expected to increase Indonesian exports to Slovenia in particular and to Europe in general. Slovenia's economy tends to be stable compared to other former Yugoslav countries. Slovenia's per capita income is among the highest in Central Europe. Slovenia was hit by the global crisis in 2008, but Slovenia has recovered and now has a strong economy. Some of Indonesia's main export products to Slovenia include natural rubber, valued at US$ 49.57 million or 53.16 percent of Indonesia's total exports to Slovenia, coal at US$ 12.08 million or 12.96 percent, and uncoated paper and cardboard at US$ 3.79 million or 4.07 percent.
Editor: Aditia Maruli
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