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NEWS UPDATES Asean Affairs    18 April  2016  

Govt increasing trade with Turkey will open continental links: economist

Amid a global economic slowdown, especially in developed markets, the government’s plan to forge economic cooperation with Turkey will also open the potential to enter African and Middle Eastern markets, an economist predicts.

As Indonesia’s seventh largest market in Western Europe, Turkey could be a hub entrance for Indonesia to enter other countries in the two continents, said Beginda Pakpahan, a political and economic analyst on global affairs at the University of Indonesia.

“It will help Indonesia to improve trade performance amid the economic slowdown.

Indonesia’s main export commodities to Turkey are palm oil, textile, cooper, steel, and rubber while Indonesia imports synthetic wool, machinary and tobacco.

"Aside from palm oil, textile and rubber, Indonesia still has other notable products such as furniture, coffee, shrimp, and cocoa that potentially could be exported to Turkey," he said.

The move to increase economic ties between Indonesia and Turkey has been raised in a bilateral meeting on the sidelines of the recent Foreign Ministerial Meeting of Islamic Cooperation Organization that started on April 14 in Turkey.

Foreign Minister Retno LP Marsudi said Indonesia and Turkey had agreed to increase economic bilateral relations. “The Indonesia-Turkey joint commission meeting will be held in the near future to increase the trade value of both countries,” she said.

The trade value between Indonesia and Turkey reached US$1.4 billion in 2015. (sha/ags)

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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