Indonesian Political, Business & Finance News

Belarus President: Technology Transfer More Important Than Trade

| Source: ANTARA_ID Translated from Indonesian | Politics
Belarus President: Technology Transfer More Important Than Trade
Image: ANTARA_ID

President Alexander Lukashenko of Belarus believes that technology transfer is a more significant aspect than simply increasing trade in strengthening economic cooperation between Indonesia and Belarus.

“Following this visit, trade between the two countries will continue to develop. However, what is most important is not just trade, but technology transfer,” Lukashengko stated during a joint statement with President Prabowo Subianto at the Merdeka Palace, Jakarta, on Thursday.

According to him, diversifying trade is essential so that a country does not become dependent on only one or two trading partners. On the other hand, technology transfer will strengthen Indonesia’s ability to produce various necessities independently.

Lukashenko stated that Belarus is ready to support Indonesia’s trade diversification efforts while simultaneously expanding cooperation across various strategic sectors.

According to Lukashenko, the Indonesia–Belarus Cooperation Strengthening Roadmap 2026–2030, launched on Thursday, serves as the foundation for developing bilateral relations between the two nations over the next five years.

Meanwhile, President Prabowo Subianto stated that the roadmap reflects the commitment of both countries to build targeted, concrete, and mutually beneficial cooperation.

Prabowo identified several sectors as focal points for cooperation, including agriculture, industry, trade, technology development, vocational training, and socio-cultural affairs.

Based on data from the Ministry of Industry, Indonesia’s non-oil and gas trade value with Belarus in 2025 reached approximately US$221.3 million, an increase of about 30 per cent compared to the previous year.

Indonesia’s export value to Belarus was recorded at US$79.6 million, with primary commodities including electronic components, palm oil products, processed fishery products, textiles, as well as coffee, cocoa, and tea.

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