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Wednesday, May 03, 2006

RI, SLOVAKIA SIGN ECONOMIC COOPERATION AGREEMENT

Antara -- 2 May 2006

Jakarta (ANTARA News) - Indonesia and Slovakia signed a new economic cooperation agreement here on Tuesday to renew the old one which was made before the latter became a member of the European Union.

The director general of America-Europe affairs of the ministry of foreign affairs, Eddi Hariyadhi, signed the agreement on behalf of the Indonesian government. Signing on behalf of the Slovakian government was State Secreraty/Deputy Minister of Economy Laszlo Pomothy.

Eddi said under the agreement the two countries expressed their committment to free market principles and to promoting and facilitating for a wider economic cooperation between individuals as well as legal entities including business associations.

"In a meeting in Bratislava, Slovakia, earlier the two countries had discussed steps to increase economic cooperation through trade and investment promotions and technical cooperation including promoting the role of businessmen and possible establishment of joint ventures in a third country," he said.

He said the two countries were currently considering to hold the first meeting of the Joint Commission for Economic Cooperation in 2007 to identify various potentials for economic cooperation and formulate concrete steps for the cooperation.

Trade between the two countries in 2005 reached US$97.5 million. Indonesia`s exports to Slovakia reached US$92.8 million while its imports from that country US$4.7 million.

"Slovakia wishes to make the trade more balanced," he said.

Laszlo Pomothy said Slovakia wished to cooperate in the fields of energy, industry, machinery industry, agriculture, chemical and automotive industries, technology, environment, defense industry, health, road construction and railway system.

"Slovakia has also offered investment cooperation in manufacturing and tourism particularly in view of its position as an entry gate to Europe," he said.

Asked about priorities of economic cooperaton he said that Indonesia and Slovakia still had yet to determine them in the next meeting.

Pomothy said the president of Slovakia planned to visit Indonesia to strengthen the cooperation between the two countries.

"The schedule still has yet to be adjusted to the activities of the Indonesian President," he said.

Slovakia`s director general of trade and tourism of the ministry of economy Josef Harvath meanwhile said Indonesia would benefit much from its cooperation with Slovakia following the latter`s membership in the EU.

"By cooperating with Slovakia, Indonesia could at the same time also cooperate with other EU member countries," he said.

He said tourism cooperation between the two countries was potential. He said around 4,000 Indonesians were in Slovakia every year. "The figure is based only upon visa requests and therefore it could be higher as some other might come there though other Euroopean countries," he said.(*)

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