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Thursday, 31 March 2022 09:30

Indonesia, Bangladesh Trade Value Reaches 72 percent In 2021

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On its 51st anniversary held in Jakarta on Tuesday night, Bangladesh Ambassador to Indonesia Mohammad Mostafizur Rahman said that Bangladesh's bilateral relationship with Indonesia has been excellent.

"Our bilateral relationship in diplomatic relations was established in 1972. Hence this year Bangladesh and Indonesia is also celebrating the 50th year of diplomatic relation," Ambassador Rahman said.

Various programs are currently underway to mark the diplomatic relations anniversary. 

On the same occasion, the coordinating minister of Indonesian cultural and human development, Muhajir Effendy revealed that trade volume between both countries has increased by 72 percent in 2021. The trade between Bangladesh and Indonesia is also witnessing an almost 50 percent of growth rate in the last decade.

"Throughout the year 2021, our trade volume increase 72 percent compared to 2020. I also noted that last year's bilateral trade volume has reached USD 3.3 Billion, an extraordinary number compare to USD 1.76 Billion in 2020. Our trade balance still growing and I'm confident that both countries could walk together to minimize the imbalance," Minister Muhadjir said.

Muhajir added that the development of the economy between Indonesia and Bangladesh could strengthen the relationship in the coming years. (VOI/NK)

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