India and World – Indonesia


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India and World – Indonesia

 

Largest country in Asean.

Large Muslim population-Coop in counter terrorism

Historic ties:NAM

LAPAN and ISRO Cooperation:satellite Launching technology

Democracy initiative:Bali Democracy Forum

Potential : Tourism

Eco:CECA is being negotiated;awareness  is low about investment potential;$14.8b in 2010

Indonesia has Oil & gas

Concerns:

Pak is getting closer to Indonesia

Aceh seperatist movement

 

 

Economic

  • India-ASEAN FTA is already in place
  • In October 2010, India and Indonesia implemented a free trade pact that slashed the import duties on thousands of products, such as seafood, chemicals and apparel.
  • In 2011, January the two countries agreed to begin negotiations for concluding a Comprehensive Economic Cooperation Agreement (CECA) and set a bilateral trade target of $25 billion by 2025 against %11 billion in 2009-10.
  • Both countries have agreed to have a Biennial Trade Ministers Forum, including the establishment of a Trade and Investment Forum between the trade ministers to exploit the potential of trade and investment opportunities in both countries.
  • They have also signed MoUs to cooperate in the food security sector.
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