Tue, 12 Oct 2010

Jakarta (ANTARA News) - Indonesia and Turkey are to boost their bilateral trade and double its value in the next few years, Coordinating Minister for Economic Affairs Hatta Rajasa said.

The value of Indonesia-Turkey trade was now recorded at two billion US dollars per year but it will be increased to five billion US dollars by 2013, Hatta said here Monday.

The resolve to boost bilateral trade was reached during Hatta`s recent visit to Turkey where he had held talks with government officials on enhancing the two countries economic cooperation, he said.

"We want a more solid bilateral cooperation and to this end, many Turkish trade and economic delegations will be visiting Indonesia in the near future," he said.

Hatta said the Indonesian government would form a task group under the Investment Coordination Agency and the National Agency for Export Development to boost trade with Turkey.

Turkey proved to be mainly interested in buying automotive spare parts from Indonesia, he said.

Regarding economic cooperation with Organization of the Islamic Conference (IOC), Hatta said the organization saw Indonesia as potential place to host a rice research center for its member countries.

"Indonesia is seen as having great potential to host a rice study center for IOC member countries due to our success in maintaining national rice security," he said.