TEMPO.CO, Jakarta - The Russian-Indonesian Business Forum took place in Moscow, Thursday, August 2. The event resulted in at least 13 memorandums of understanding between companies from both nations.
The MoU signing was witnessed by officials from both sides, including Indonesian Ambassador for the Russian Federation and Republic of Belarus Wahid Supriyadi, Yogyakarta Governor Sultan Hamengkubuwono X, Central Java Governor Ganjar Pranowo, and Russia's Deputy Minister of Trade and Industry Alexey V. Gruzdev.
The partnerships include those in the sectors of furniture, palm sugar, and food products.
Among the MoU signed was for the purchase of coconut shell charcoal between PT Dian Niaga Yogyakarta and Intro Grup LTD/Point Art Russia. PT Mayora Indah also signed a deal to sell crackers and sweets with a value of US$2.5 million.
Ambassador Wahid Supriyadi said in Moscow yesterday that the trade value between Indonesia and Russia is relatively small at just US$2.6 billion, despite the fact that Russia ranks 12th and Indonesia 16th in the G20's GDP list.
The Russian-Indonesian Business Forum is expected to enhance ties between the two countries in terms of investment, trade, and tourism partnerships.