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NEWS UPDATES Asean Affairs    October 16,  2017  








Indonesia, Romania start talks to boost economic ties


Indonesia and Romania have agreed to start negotiations to increase their economic relations, said Trade Minister Enggartiasto Lukita in Tangerang, Banten on Friday.

An agreement on free trade or a comprehensive economic partnership will be discussed.

“This year, we’ll start [the negotiation] focusing on trade in goods. Regarding the form of the agreement, my officials will talk about it later,” he said after meeting with Romania state secretary for foreign investment Paula Pirvanescu on the sidelines of the 2017 Trade Expo Indonesia at the Indonesia Convention Exhibition (ICE) BSD on Friday.

Indonesia exported US$92.4 million worth of goods to Romania last year and imported $42.07 million. The exports were dominated by rubber, electronics, paper, plastic and palm oil, while the imports were dominated by cereals, machinery, aircraft spare parts and clothing.

The European counterpart wished to import more raw cosmetic materials like palm oil, said Enggartiasto, adding that other commodities that could also be exported to the country included processed coconut and soaps.

The possible establishment of a joint venture company in Indonesia to produce soap or cosmetics was also being discussed, he added. Romania also asked Indonesia to send more managerial people to work there and invited local construction firms to participate in infrastructure construction there. (


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ASEAN  ANALYSIS

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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