Argentina, RI trade ties

Argentina, RI trade ties

JAKARTA (JP): Argentina and Indonesia yesterday agreed to
intensify their economic and trade cooperation after the second
two-day meeting of their joint commission here.

The Ministry of Foreign Affairs said in a statement that based
on the agreed minutes signed here yesterday, both sides would
diversify their reciprocal exports and imports, intensify the
visits of their businessmen and participate in trade shows in
their countries.

The two countries' governments would also encourage industrial
leaders to form joint ventures, the statement said.

The commission also discussed ways to promote partnership in
tourism, animal healthcare and technology, according to the
agreed minutes signed by Indonesian Ambassador to Argentina
Soemadi D.M. Brotodiningrat and Argentine Ambassador to Indonesia
Antonio Seward.

According to the Central Bureau of Statistics, Indonesia's
exports to Argentina increased by 6 percent from US$45.2 million
in 1994 to $47.9 million, while its imports from that country
rose 102.8 percent from $110.8 million to $224.7 million.
Indonesia's trade deficit with Argentina, therefore, surged from
$65.5 million in 1994 to $176.8 million in 1995. (10)