Bilateral economic and trade ties<\/p>\n
Trade<\/p>\n
Indonesia has been a major Asian trading partner for France
\nfor a long time, and despite the deep economic and monetary
\ncrisis affecting Indonesia since mid-1997, French companies have
\nconfirmed their commitment to the Indonesian market. (see
\nambassador's message)<\/p>\n
This situation is expected to persist in the coming years, in
\nline with a gradual increase in our Indonesian imports.<\/p>\n
The main areas for French exports are semi-products (48
\npercent), including chemicals (19 percent) and electrical
\ncomponents (12 percent).<\/p>\n
During the 1997-2000 period, the economic crisis strongly
\naffected French exports, which decreased by 71 percent in value
\n(the drop was mostly registered in the equipment goods sector
\nwhere France has a strong position).<\/p>\n
However, in line with the recovery registered in Indonesia
\nsince January 2000, our exports have increased by 17 percent last
\nyear.<\/p>\n
Year 2000 confirms the stronger trade relations with
\nIndonesia, which accounts for nearly 2 percent of our exports
\noutside the European Union.<\/p>\n
The first figures for 2001 show a continuation of this
\npositive trend with a new increase of more than 45 percent.<\/p>\n
Indonesian exports to France have strong positions in consumer
\ngoods: textiles\/garments and leather products (27 percent),
\nfurniture (24 percent), and agricultural and food products (12
\npercent).<\/p>\n
Last year, Indonesian exports to France have steadily
\nincreased by 20 percent.<\/p>\n
(Data in the form of graph to be placed here - bsr)<\/p>\n
Economy, finance<\/p>\n
The financial cooperation between the two countries has been
\ninitiated in the early 1970s, reflecting the policy of the French
\ngovernment to promote economic links between our two countries.<\/p>\n
In the last 30 years, 2.5 billion Euro has been committed to
\nfinance over 300 projects of development in the following
\nsectors: power generation and transmission, TV and
\ntelecommunications, water treatment, airport and railway
\ninfrastructure, agriculture and health.<\/p>\n
With the crisis affecting the implementation of new
\ninfrastructure projects, the French government has confirmed its
\ncommitment to continue its financial cooperation with Indonesia
\nthrough its participation in the international financial
\ninstitutions as well as on a bilateral basis.<\/p>\n
French aid to Indonesia is, however, being adapted to the
\nsocial priorities created by the economic conditions, focusing on
\nhealth, agriculture and fishery project, while major
\ninfrastructure projects already committed are being continued in
\nthe railway sector, civil aviation safety equipments, irrigation,
\nenergy and water treatment and distribution sectors, tourism and
\nservice industries.<\/p>\n
On the international level, France is participating in the
\nInternational Monetary Fund (IMF), World Bank and Asian
\nDevelopment Bank assistance program to Indonesia.<\/p>\n
As a member of the group of official creditor countries to
\nIndonesia gathered in the Club de Paris, France is also
\ncontributing to the two successive public debt rescheduling
\nagreements signed in September 1998 and April 2000.<\/p>\n
Out of a total of US$10 billion rescheduled loan, due to
\nmature between mid-1998 and end of 2002, France is involved for
\nan amount of $700 million.<\/p>\n
The commitment of the French authorities to support Indonesia
\nin this difficult period is based on a long friendship between
\nthe two countries and it will be continued in the future with the
\nobjective to strengthen our bilateral relations.<\/p>",
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"sponsor": "Okusi Associates",
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