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Estonia and Finland Intensifying Economic Ties With Indonesia Together


No. 17-E

Foreign Minister Urmas Paet, who is currently in Indonesia together with Finnish Minister for Foreign Trade Alexander Stubb and an Estonian and Finnish business delegation, said at the Estonia-Finland-Indonesia business seminar in Jakarta today that closer economic ties between the countries would lead to intensified political communication as well as technological progress in the world. “Estonia is interested in strengthening economic ties and trade relations with Indonesia, Southeast Asia’s biggest economy and a country with a very dynamic economic environment,” he noted.

Foreign Minister Paet said that the Estonian entrepreneurs participating in the Indonesia visit offer the top solutions and products in their respective fields. “We hope that Indonesian entrepreneurs will be interested in working together,” he said.

The following Estonian businesses are represented in Indonesia with Foreign Minister Paet: CF&S Estonia Ltd, which works in logistics; ChemiPharm Ltd, which produces disinfectant products for medical establishments; Defendec, which is involved with high-tech monitoring equipment (for border control, for example); Enefit/Eesti Energia AS, which is an international energy company; Enterprise Estonia; ESC Global Security, which is involved in protecting maritime vessels; Horizon Pulp and Paper, which produces paper products and packaging; Port of Tallinn; Real Systems, which developed professional information systems and software solutions; and Repo Vabrikud, which produces part for the furniture industry.

Paet also called on Indonesian companies to invest in Estonia. “Estonia has an open economy and many information technology solutions that simplify business and transactions,” he added.

At his meeting in Jakarta with Minister of Trade Gita Wirjawan and Deputy Minister of Trade Rizal Affandi Lukman, Foreign Minister Urmas Paet said that Estonia is interested in concluding an agreement for economic co-operation, an agreement for the protection of investments, and an agreement for the avoidance of double taxation with Indonesia and also intensifying economic relations. “Although trade between Estonia and Indonesia has increased by 26% over the past 5 years and in 2010 totalled 9.2 million euros, there is potential for great increases in trade, and we hope that the contacts created during this visit between Estonian and Indonesian entrepreneurs will help to strengthen ties,” he said.

Over 200 people participated in the Estonia-Finland-Indonesia business seminar today.


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