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Friday, 27 January 2023 13:13

Indonesian and Indian Total Bilateral Trade Reaches US$30.37 Billion in 2022

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Ambassador of India HE. Manoj Kumar Bharti Ambassador of India HE. Manoj Kumar Bharti DOK VOI

(VOI News) Jakarta - India and Indonesia, the close Maritime neighbors, which enjoy comprehensive strategic partnership draw their source of friendship from the shared linkages of trade, culture, language and art of over 2,000 years. In current times, these bonds have further, strengthened in political and geopolitical context, and the field of economy, defense, and Science. This was conveyed by the Indian Ambassador to Indonesia and Timor Leste, Manoj Kumar Bharti at the commemoration of India's 74th Republic Day in Jakarta, Thursday evening. In the field of trade, Ambassador Manoj Kumar said the total bilateral trade between the two countries in 2022 reached 30.37 Billion US Dollars.


“India and Indonesia signed a trade deal worth Rupees 1 billion on the sidelines of a trade investment and Industry ministerial meeting in Nusa Dua, Bali, which has reaffirmed the commitment of both countries to reach trade, bilateral trade of US Dollars 50 billion in the very near future. I am happy to share that Expo November 2022, the total bilateral trade between both countries have reached US Dollars thirty point three seven billion in the first 11 months as for the Indonesian Statistical Department statistics which shows a nearly 60 percent growth in bilateral trade over the same period in 2021,” Manoj said.

In his remarks, Ambassador Manoj Kumar said the year 2022 has been quite momentous for Indonesia and India. In November during the G20 Leaders Summit in Bali, Indonesian President Joko Widodo passed the presidency to Prime Minister of India, Shri Narendra Modi. He further said India has offered to Indonesia to host the next major conference of No Money For Terror or NMFT in Jakarta. The third NMFT was held in New Delhi in November 2022 and discussed various aspects of terrorism financing, emerging Technologies and international cooperation to address challenges in combating Terror financing with 88 countries. //// (VOI/AHM)

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