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Russia and Indonesia plan to increase trade to 5 billion dollars

In Sydney (Australia), within the framework of the G20 countries trade ministers meeting, Russia's Economic Development Minister Alexei Ulyukayev held talks with the Minister of Commerce of the Republic of Indonesia, Muhammad Lutfi, on the status and prospects of Russian-Indonesian cooperation in the trade and economic sphere, the press service of the department said.

It is expected that by 2015, trade between the countries should reach $ 5 billion. At the end of 2013, the figure was $ 2,9 billion (growth rate - 102,7% compared to 2012). Russian exports amounted to $ 1233,6 million (growth rate - 94,2%), and imports - $ 1725,7 million (growth rate - 139,9%).

The structure of Russia's exports to Indonesia was dominated by deliveries of machinery, equipment and vehicles (57,1%), metals and products from them (13,0%). In addition, there were supplies of mineral products (11,5%) and chemical products (6,4%). A significant share of imports of Russia from Indonesia was food and agricultural raw materials (47,5%), textiles and products from it (18,1%), machinery, equipment and vehicles (15,6%), chemical products (10,8%).

In May 2014, the Ministers of the two countries agreed to assist in promoting joint grain exports. Over the past time, as Alexey Ulyukayev noted, two large export contracts have been signed for more than 300 thousand tons of Russian wheat to Indonesia.

In addition, they discussed cooperation between the Russian company Sukhoi Civil Aircraft (SCAC) and Indonesia. The Minister of Trade of the Republic of Indonesia, Muhammad Lufti, proposed organizing a meeting of leading Indonesian air carriers with the Russian company GSS in August 2014.

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