Dutch-Indonesian economic relations<\/p>\n
Trade relations between the Netherlands and Indonesia have
\nblossomed over the past years. Bilateral trade volume has grown
\nyearly, with Indonesia realizing a considerable surplus.
\nIndonesian exports to the Netherlands amounted to US$1.8 billion
\nin 1997, with Dutch exports reaching approximately $565 million.<\/p>\n
As a result of the financial and economic crisis, Dutch
\nexports to Indonesia dropped sharply, and Indonesian exports also
\nsuffered. In the first quarter of 1999, Indonesian exports to the
\nNetherlands dropped to $369.7 million. Indonesian imports from
\nthe Netherlands were $60.6 million in the same period. The main
\ncommodities exported to the Netherlands are cocoa, animal feed,
\ntobacco, coffee, vegetable oils and fats, natural rubber latex,
\npulp and waste paper, plywood, manufactured wood products and
\ncoal.<\/p>\n
However, the importance of Dutch-Indonesian economic relations
\nis not only reflected in the volume of our bilateral trade
\nfigures. Investments are a more important indication. The
\nNetherlands is one of the largest investors in Indonesia, ranking
\nseventh with a total cumulative investment value of $11.8 billion
\nduring the period from 1967 to 1999. A number of large Dutch
\ncompanies have invested in production capacity for the Indonesian
\nmarket. Although they were affected by the crisis, it is good to
\nnote that none of the Dutch companies decided
\nto withdraw from Indonesia.<\/p>\n
Indonesian-Dutch bilateral relations have entered a new era of
\ncooperation with the reestablishment of a structural bilateral
\ndevelopment cooperation. The Netherlands has given the Indonesian
\ngovernment a $50 million grant to support its poverty alleviation
\nprograms, and has played an active role in the rescheduling of
\nIndonesian sovereign debt in the framework of the Paris Club
\nagreement.<\/p>\n
The already excellent bilateral relations between the two
\ncountries received a boost from the successful official visit of
\nPresident Abdurrahman Wahid to the Netherlands in February this
\nyear. The interest of the Dutch government and the corporate
\nsector in Indonesia was recently underlined by the visit of Dutch
\nVice Prime Minister Annemarie Jorritsma in March. Mrs. Jorritsma
\nwas accompanied by a large, high-level trade and investment
\ndelegation of Dutch corporations. With this mission, the Dutch
\ncompanies demonstrated their unabated interest in doing business
\nin and with Indonesia.<\/p>\n
The Netherlands and Indonesia have long-standing, historic
\nrelations. Even more important, however, is the Dutch commitment
\nto remaining a reliable partner of Indonesia in the future.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/dutch-indonesian-economic-relations-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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