First Israeli business delegation visits Indonesia

Bilateral trade volume between Israel and Indonesia stood at $47.8 million in the first half of 2009.

By SHARON WROBEL
August 6, 2009 08:42

For the first time, an Israeli business delegation recently visited Indonesia, the world's largest Muslim country, to forge closer ties between the two countries. The mission had representatives of eight Israeli companies and was organized by the Israel Export and International Cooperation Institute and the Industry, Trade and Labor Ministry's commercial attaché in Singapore. It followed the visit by Indonesia's Chamber of Commerce (KADIN) to Israel in 2006. Since Israel has no diplomatic ties with Indonesia, it took three years to build the necessary infrastructure for the creation of direct business relations that would be permitted by law in both countries, said Anat Katz, commercial attaché in Singapore. Bilateral trade volume between Israel and Indonesia stood at $47.8 million in the first half of 2009, a 60 percent decline compared with the same period last year. The volume of exports in the first six months of the year totaled $5.2m., down from $7.7m. during the first half of 2008.


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