“There is ample room for improving trade balances between Malta and Indonesia, an aspect which makes it worth pursuing not only for the business communities but also for our people” said Lino Mintoff, Head of Projects and Internationalisation at the Malta Chamber of Commerce, Enterprise and Industry during a seminar on business and investment opportunities in Indonesia.
The event was organised by the Malta Chamber, jointly with the Embassy of the Republic of Indonesia and the EU-Indonesia Business Network.
Over the last 10 years, Indonesian GDP has grown at a rate of 5-6% annually and is predicted that the country will be within the top 10 largest economies of the world by 2030. Last year, Malta registered €4 million imports from Indonesia and €9 million exports with the major sectors of interest being minerals, paper, cereals, pastry products, pharmaceuticals and fish.
Such scenario provided a context to delve in technical detail regarding the current economic development and trade opportunities with speakers from the Indonesia Central Bank Representative Office for Europe the EU – Indonesia Business Network.
Addressing Maltese business representatives, H.E. Esti Andayani, Ambassador of the Republic of Indonesia in Rome, underlined her intention to strengthen common business interest with Malta.
This intention follows in the ambit of the 6th round of negotiations between the EU and Indonesia towards a Trade Agreement, which took place in Indonesia a couple of weeks ago. Once established, the trade agreement will provide a legal framework towards the creation of long-term business on various aspects of trade.
Both the Malta Chamber and the EU – Indonesia Business Network collaborate within the Enterprise Europe Network, which is of great advantage for respective companies to internationalise by sharing of expertise to manufacture or distribute products, provide services, access respective markets and cooperate in joint research and development projects.
At the start of the event, the Malta Chamber conveyed its condolences and solidarity to the people of Indonesia following the tragic crash of an airplane yesterday with 188 passengers on board and a strong earthquake and tsunami which hit their territory on 28th September, leaving hundreds of people dead.
Indonesia’s 73rd Anniversary from Independence Day was also celebrated by a commemorative reception by courtesy of the Ambassador of the Republic of Indonesia, with the participation of the Acting President of Malta Mrs Dolores Cristina.