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Gold of Java
Trade and Industrial Cooperation of Russia and Indonesia
Of course, cooperation with such a giant, also included in ASEAN, can not but interest Russia. What are the main areas of cooperation?
First of all, Russian-Indonesian trade relations are concentrated around arms contracts. In this area, cooperation has been going on for a long time - since 2003. Indonesia bought from the Russian Federation SU-27 and SU-30 fighters, MI-35 and MI-17 helicopters, as well as infantry fighting vehicles, armored personnel carriers, automatic weapons and ammunition, so the arms export structure cannot be called one-sided and focused only on aircraft. Otherwise, this could be a problem due to the fact that the products of Russian aircraft manufacturing plants are faced with increasing competition, even in such a traditional market for Russia as India. All this activity in the arms market is flavored with anti-terrorism cooperation sauce (albeit in multilateral treaties) within the framework of ASEAN.
By the end of this year, the trade balance should reach $ 2013 billion. Within the framework of the tendencies of Russian-Indonesian trade, this agreement looks quite justified and timely. Thus, according to the Russian ambassador to Indonesia, Mikhail Galuzin, in 13 the volume of trade increased by 30 percent in the first seven months alone (compared to the previous year). “Over the past five years, on average, trade has increased by almost XNUMX percent each year,” said Indonesian Economy Minister Hatta Rajasa.
In the context of this expansion, the decisions and contracts reached during the recent visit to Indonesia of a large delegation of Russian officials and representatives of large state and private companies in the framework of a bilateral forum on investment strategies are of great interest and provide an answer to the question in what other areas will cooperation between two countries, and, accordingly, reveal to us the whole breadth of prospects, which we want to consider in this material.
Obviously, Russian companies perfectly feel solid ground under their feet - RZD is ready to invest up to two billion dollars in building a railway in East Kalimantan, KAMAZ - up to three, including building its own plant in the country, and the total investment this year can be up to six billion dollars.
Cooperation is not limited to machine building and arms exports. The Indonesian market of Norilsk Nickel and RUSAL are actively developing. The main victory recently was the adoption of a new law, according to which the export of bauxite and nickel ore will be banned - the law was lobbied specifically by Russian companies that played the card of the refusal to invest. This led to an increase in prices for aluminum and nickel, which, of course, played into the hands of Norilsk Nickel and RUSAL.
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