Indonesian Political, Business & Finance News

I. Trade

I. Trade Taiwan exports to Indonesia (2003):1.52 USD billion Taiwan Imports from Indonesia (2003):2.92 USD billion Total Trade volume (2003):4.44 USD billion (up 9.5%) Trade Surplus for Indonesia (2003):1.14 USD billion (up 25.1%)

Long term LNG procurement agreement between Pertamina and Chinese Petroleum Corp. in Taiwan. The total amount has already exceeded 5.7 USD billion from 1990 to 2003.

II. Investment According to BKPM, total investment from Taiwan at the end of April 2004 reached US$13 billion.

* Officially 972 cases * Indonesia's No.5 investor. * Managerial and technical personnel from Taiwan 7,000 * Major companies: Pao-cheng Shoes Co., ACER, Bank Chinatrust, President Food, RSEA, Na Ya Plastics.

III. Economic Cooperation 1. Energy Cooperation Conference (ministerial level) since 1990. 2. Economic Cooperation Conference (ministerial level) since 2001 3. Economic Cooperation Conference (CIECA and Indonesia Chamber of Commerce and Industry, KADIN) since 1985 4. Agreement on the Promotion and Reciprocal Protection of Investment (1990) 5. Agreement on the Avoidance of Double Taxation (1995)

IV. Tourism 1. About 300, 000 Taiwan tourists visit Indonesia each year. 2. Among Taiwan Tourist, about 250,000 visit Bali, making Taiwan among the major sources of foreign tourist to Bali.

V. Air Transportation 1.Three Taiwan airlines are flying between Taiwan and Indonesia * Taipei to Jakarta19 flights per week * Taipei to Bali28 flights per week * Taipei to Medan 7 flights per week * Taipei to Surabaya 2 flights per week * In total56 flights per week 2. Agreement on civil aviation (1969). Taiwan's China Airlines has cooperation with Indonesia's Garuda.

VI. Labor Cooperation At the peak season, about 100,00 Indonesia labors are recruited to work in Taiwan. VII. Technical Training * Trade Promotion, SME Management, Agricultural Development, Young Entrepreneur Training Program * ICDF Training Programs

VIII. Agricultural Cooperation 1. Agricultural Technical Mission (ATM) in East Java and Central Java since 1976. 2. MOU on Agricultural Cooperation since 1995 3. Expanding agricultural cooperation - MOU on ATM to West Java. 4. Hundreds Cooperation Conference (ministerial level) since 1996.

IX. Fisheries Cooperation 1. MOU on Marine and Fisheries Cooperation was signed on April 13, 2004 2. Hundreds of cases of Indonesia - Taiwan fishery joint ventures are currently in operation.

X. Immigration and Judicial Assistance 1. Scholarship program for Indonesian immigration officers to study in Taiwan and on-duty language training 2. Bilateral cooperation on deportation of criminals and fugitives.

XI. Others Scholarship Program for Higher Education, Chinese Teachers Training Program, Workshop on the south China Sea, and cooperation within the framework of APEC and WTO, etc.

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