Economy, Domestic Economy

Economic Ties With Indonesia

Economic Ties With IndonesiaEconomic Ties With Indonesia

The reestablishment of Iran-Indonesia Economic Commission shows both countries have started “serious cooperation” in various economic fields, said Foreign Minister Mohammad Javad Zarif.

He made the statement in a press conference with his visiting Indonesian counterpart Retno Marsudi held in Tehran on Wednesday, IRNA reported.

The 11th meeting of the joint commission was held late in May after a seven-year hiatus.

Referring to joint efforts in infrastructure, oil, gas and energy projects, Zarif also called for promotion of monetary and banking cooperation between the two countries.

Bilateral trade has fallen sharply during the past few years due mostly to banking issues as a result of western sanctions imposed on Iran over its nuclear energy program.

Marsudi, accompanied by a 26-strong trade delegation from Indonesia, including Minister of Energy and Mineral Resources Sudirman Said and Indonesian president’s special envoy to the Middle East, Alwi Shihab, arrived in Tehran on Wednesday.

The delegation’s two-day trip, according to Said, paved the way for Indonesian President Joko Widodo’s trip to Iran in the near future.