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Sweden seeks stronger economic ties with Indonesia

  • News Desk
    News Desk

    The Jakarta Post

Jakarta | Fri, May 19, 2017 | 05:24 pm
Sweden seeks stronger economic ties with Indonesia Swedish ambassador to Indonesia Johanna Brismar Skoog (tribunnews.com/File)

Sweden is aiming at strengthening its economic relations with Indonesia through a business forum in Jakarta on the sidelines of the visit of Swedish King Carl XVI Gustaf and Queen Silvia to Indonesia next week.

The event, named the Indonesia-Sweden Executive Business Forum (ISEF), is to kick off on May 23 and is to be attended by 31 Swedish companies.

"Many of the companies have been here for a long time and now we will bring their top managements here to see how we can dig deeper into Indonesia," Swedish ambassador to Indonesia Johanna Brismar Skoog said as reported by Antara on Thursday.

She expressed her confidence that Sweden products, ideas and technology would be useful for Indonesia to develop infrastructure, transportation, energy and a creative economy.

Currently, 80 Swedish companies are operating in Indonesia and employ about 2,000 people.

Among the well-known companies are technology producer ABB Group, Volvo cars and trucks, Oriflame cosmetics, automotive producer Scania, household products seller IKEA, clothing-retail company H&M and food packaging and processing company Tetra Pak.

The value of trade between the two countries has decreased to US$670,000 in 2015 from $1.45 million in 2012. Total Swedish investment in Indonesia reached $12.4 million in the last five years. (bbn)

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