Sign up | Log in



Home  >>   Daily News  >>   Indonesia News  >>   Trade  >>   Indonesia, Thailand talk trade, investment
NEWS UPDATES 1 October 2010

Indonesia, Thailand talk trade, investment

Related Stories

September  1, 2010
 Sumitomo raided in Indonesia

August 10, 2010
Indo SMEs woo Chinese

July 23, 2010
Indonesia-US dispute over clove cigarettes

June 19, 2010
Indonesia and the EU commit to enhance trade and investment ties

Thai and Indonesian enterprises are showing interest in strengthening trade and investment cooperation, thanks to significant growth in both markets and their moves towards a single market under the Asean Economic Community (AEC).

Speaking at the "Indonesia-Thailand Business Forum and Business Matching Networking Programs 2010" seminar hosted by the Export Promotion Department in Jakarta, Suthad Setboongsarng, Thailand trade representative, said the Indonesian market had one of the highest potentials in Asean for Thai investors. Having enjoyed strong economic growth and with the highest population in Asean, Indonesia would be the greatest market for Thai enterprises to trade, offer services, and invest in.

The Indonesian population is expected to reach 300 million in the next five years, from the current 254 million. The economy is forecast to grow more than 10 per- cent a year, or by almost 75 percent in the next five years.

Suthad urged Thai enterprises to explore business opportunities in Indonesia not only because of the size of the domestic market, but as a base country for exporting to third markets.

"The slowdown of the world economy is uncontrollable. Many countries are facing uncertain economic growth. However, the rise of Asia and Asean will continue," he said. "Thai investors should consider countries in Asean as their second home, so that they will enjoy long lasting benefits from the integration."

Indonesian Vice Trade Minister Mahendra Siregar urged Thai and Indonesia enterprises to explore business opportunities in each nation. He said that after the change in the global landscape, Asia including Asean would show strong growth. Indonesia exports would no longer rely on traditional markets such as the US, the EU and Japan, but countries in Asean, China, and India. Suthad pointed that the proportion of Indonesia's exports to the US, the EU and Japan had gradually dropped to less than 50 percent last year. On the other hand, exports to Asian countries had increased in the past five years from less than 45 per cent to more than 50 percent.

He said Thai and Indonesian enterprises had a lot of opportunities to invest in each other's countries.

Nipit Isarankura, chairman of the Thai-Indonesia Business Council, said it was the right time for Thai enterprises to do business overseas, as the domestic market is not large enough.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand