TODAY.AZ / Business

Azerbaijan, Indonesia to define spheres for mutual investments

18 May 2017 [16:17] - TODAY.AZ

By Azernews

By Sara Israfilbayova

Indonesia is interested in developing relations with Azerbaijan in the fields of tourism, trade and investment, Indonesian Ambassador to Baku Husnan Bey Fananie told Trend.

Describing the relations between Azerbaijan and Indonesia, the ambassador noted that they are at a very good level.

This year the Azerbaijani government delegation will visit Indonesia, where during the meetings it is planned to define spheres for mutual investments, the ambassador added.

Fananie noted that tourism, culture, education and trade are currently priority areas for cooperation between Indonesia and Azerbaijan.

Today, Azerbaijan delivers oil to Indonesia. Currently, there is a successful cooperation between SOCAR Trading company and Indonesia’s Pertamina state oil company, and SOCAR Trading sells third party oil to Indonesian refineries for processing.

Along with this, Indonesia is ready to supply agricultural products - coffee, tea, palm oil, as well as products of light industry - furniture, tires, clothing and etc. to Azerbaijan.

Azerbaijan and Indonesia have already started discussing prospects for development of cooperation in the non-oil sector. Business forum was held in Guba between entrepreneurs of the two countries on May 3.

The two are also discussing the possibility of canceling visa regime for tourists from Indonesia, as well as launching a direct flight from Baku to Jakarta.

The trade between Azerbaijan and Indonesia is mostly related to the energy sector, as Azerbaijan emerged as the second biggest supplier of crude oil to Indonesia in 2011 after Saudi Arabia.

Trade turnover between Indonesia and Azerbaijan for the first quarter of 2017 amounted to $9.2 million, according to the State Statistics Committee of Azerbaijan.


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