Indonesia, Ethiopia to strengthen economic partnership through BRICS
Indonesia and Ethiopia are considering ways to expand bilateral cooperation, as well as interaction in the BRICS bloc, according to a report by Antara News Agency, a partner of TV BRICS.
The report indicated that the Indonesian Foreign Affairs Minister Sugiono held a meeting with Ethiopian Ambassador to Indonesia Fekadu Beyene Aleka during which the two sides discussed the approach to engage in expanding the partnership.
The Indonesian Foreign Minister outlined national priorities, including poverty alleviation through better utilisation of resources.
He noted the high potential for the development of trade and economic ties with Ethiopia and expressed readiness to increase exports of competitive goods – primarily in the agricultural and pharmaceutical sectors.
Sugiono said the volume of bilateral trade between the countries reached 98 million dollars in 2024, up 55 per cent year-on-year.
He added that Indonesian companies are already present in Ethiopia in the sectors of household chemicals, food, and textiles.
The meeting focused on the prospects of signing a bilateral investment treaty, as well as food and energy security.
It is noted that the development of coconut, sugar cane and seaweed production is a priority.
The Ambassador also expressed interest in mastering Indonesian technologies for sugar cane cultivation.
The two sides agreed to intensify cooperation in the fields of education, science and training, as well as resume the work of the joint commission on bilateral cooperation.
At the end of the meeting, the Indonesian minister invited Ethiopia to participate more actively in joint initiatives in BRICS. (TV BRICS/NAN)
Edited by Emmanuel Yashim
