The Belarusian-Indonesian business forum is held in Minsk on November 22 in honor of the 25th anniversary of diplomatic relations. Ambassador Extraordinary and Plenipotentiary of Indonesia to Russia and concurrently to Belarus Mohamad Wahid Supriyadi emphasized a high level of Belarus' technological development, telecommunications in particular. The ambassador named an increase in mutual trade as the main achievement of the countries over 25 years of bilateral cooperation. According to the National Statistics Committee, in January-September 2018 the Belarus-Indonesia trade amounted to $192 million (up 74% from the same period in 2017). The Belarusian exports soared by 79.7% over January-September 2017 to amount to $170.3 million.

The forum also highlighted the prospects for trade and economic cooperation between the two countries, the Indonesian companies presented their presentations.

Yulia Baranskaya, Head of the Marketing and Communications Department made a presentation about the investment potential of the Republic of Belarus for Indonesian investors.

"The Republic of Belarus for sure can be a profitable and reliable partner for Indonesia in the field of trade, economic and investment cooperation. We see the most promising cooperation in the fields of agriculture and food industry, banking, real estate, services and etc. "- Julia Baranskaya noted in her speech.

Chairman of the Belarusian Chamber of Commerce and Industry Vladimir Ulakhovich told to the reporters that Belarus-Indonesia trade could grow to 1$ billion over the next five years.

“It is a very ambitious target that requires effort, organizational activities, serious marketing analysis, improvement of professional skills of our marketing services specialists for this market which is relatively new for us. I think that within five years, we can achieve this target if we work hard,” Vladimir Ulakhovich said.

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Nowadays Belarus has built its legislation based on world principles. Our country is a member of the Multilateral Investment Guarantee Agency. This further confirms the readiness of Belarus to comply with generally accepted norms and standards of international economic cooperation. Indonesian partners should consider the Republic of Belarus as a strategic place to promote their technologies and capital in the markets of the countries of the Eurasian Economic Union. In practice, this means the possibility of creating production enterprises in our country with unhindered access to the EAEU market.

We need successful examples of bilateral cooperation for a new stage in the development of cooperation between our countries. We hope that the outcome of today's forum would be new joint projects and the strengthening of partnerships.