Finland to double trade in five years
JAKARTA: Finland aims to more than double its total trade value with Indonesia in the next five years as the ice-bound Nordic country seeks stronger ties with its distant tropical trade parner, a Finnish minister said here on Thursday.
Two-way trade between Finland and Indonesia stood at US$500 million (RM1.57 billion) last year, up 10 per cent from 2011, with a US$60 million surplus on the Finnish side, according to data from the Finnish Embassy.
"I am convinced that we could double that trade, may be a bit more, because there are many opportunities," said Jan Vapaavuori, Finland's minister of economic affairs.
"The more cooperation we do, the better we understand each other, the sooner it happens."
In 2012, the bulk of Finnish exports to Indonesia consisted of machinery, transport equipment (70 per cent), basic manufacturing goods (18 per cent), and chemicals and related products (five per cent).
Finnish imports from Indonesia that year included animal and vegetable oils and fats (33 per cent), miscellaneous manufactured articles (27 per cent), and machinery and transport equipment (16 per cent).
"Indonesia is the biggest economy in Southeast Asia. We look forward to finding partners in this dynamic environment," he said.