TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsIndonesia, Iran aim to finalize preferential trade agreement
Annual trade volume between the two countries rose by 52 percent last year to US$215 million despite pandemic pressures.
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Iranian flagged MT Horse and Panamanian flagged MT Frea are seized by the Indonesian Maritime Security Agency (Bakamla) for illegal ship-to-ship oil transfer on waters off Pontianak, West Kalimantan, on Jan. 24, 2021. (Courtesy of Bakamla/-)
I
ndonesia and Iran highlighted the need to finalize a trade agreement between the two countries during the visit of Iranian Foreign Minister Mohammad Javad Zarif to Jakarta on Monday.
Iran’s top diplomat met Foreign Minister Retno Marsudi at her Pejambon office, where they touched base on various bilateral issues following the celebration of 70 years of diplomatic relations last year.
During the meeting, Zarif expressed his side's readiness to continue negotiations on the trade deal.
“Expressing pleasure with the growing level of trade ties between the two countries, Zarif referred to the huge capacity for bilateral business relations, and highlighted the necessity of expediting the finalization of a preferential trade agreement between the two countries,” the Iranian Foreign Ministry said in a statement published on its website.
Indonesia and Iran have been talking about having a trade agreement for several years now, with the last round of negotiations happening in 2017.
Trade volume between the two countries rose sharply last year by 52 percent to US$215 million from $141.6 million in 2019 despite pandemic pressures, ministry data show.
Indonesia sells natural rubber, palm oil, paper, tires and chemical products to Iran. Meanwhile, Indonesia imports steel, petrochemicals, minerals and raw materials for synthetic fiber from Iran.
