Jakarta, The Indonesia Post – Minister of the National Development Planning Agency (Bappenas) Suharso Monoarfa stated that Indonesia and Bangladesh have a significant large market and the potential to enlarge both industry and producers.
“Indonesia and Bangladesh have large populations, and both are Muslim-majority countries with a young working age demographic. Indonesia and Bangladesh have large populations, both of which are Muslim-majority countries with young working age demographics,” said Suharso, while attending the commemoration of the 52nd Anniversary of the Independence of the Republic of Bangladesh, at the Borobudur Hotel, Jakarta, quoted from his Instagram account. official @suharsomonoarfa.
He said Bangladesh has been an important partner of Indonesia for more than 50 years. The two countries have established and maintained close friendly and cooperative relations.
In the last decade, Bangladesh is said to be one of the countries with the fastest economic growth rate in the world. In 2019, Bangladesh achieved the highest growth of 8 percent.
“I underlined the importance of strengthening bilateral dialogue and consultation in the future covering various fields,” said the Bappenas Minister.
Bangladesh Foreign Minister Abdul Momen’s visit to Indonesia in 2022 is considered to have demonstrated the commitment of the two countries to strengthen bilateral cooperation. Starting from the economy and trade, energy, agriculture, fisheries and education, as well as advancing existing bilateral forums.
During the last five years, the value of trade between the two countries is said to have increased. In 2017, the value of trade between the two countries was US$1.9 billion and will increase in 2022 to US$4 billion.
Indonesia and Bangladesh also brought in more than US$300 billion in business deals during last year’s Trade Expo Indonesia, considering that the country located in the South Asian region is one of Indonesia’s potential main trading partners.
“Our trade balance still has room to improve, and I’m sure both countries will continue to progress,” said Suharso. (mhn/bbs)
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