France boost links with Indonesia

French outgoing President Francoise Hollande is visiting Jakarta this week to boost bilateral ties with Indonesia.  Hollande is bringing with him investment agreements worth US$2.6 billion.  President Joko Widodo and President Hollande will witness the signing of 10 agreements covering defence, maritime and fishery affairs, sustainable urban development, research exchange programs, research, innovation and higher education and administrative arrangements relating to tourism.  Internet of Things, culture and the creative industry also features prominently.

According to Jakarta Post, from the expected $2.6 billion, $1 billion would go to the energy sector and $1.1 billion into infrastructure, with a focus on transportation and tourism infrastructure, while the remaining $500,000 would be invested in retail businesses.

Accompanying President Hollande is a delegation of businesses interested in industries such as cosmetics, rubber processing, agriculture and aerospace.

Trade between both countried have been on a downward trend – with a recorded value of $2.23 billion  in 2016, in favour of France. In 2012, trade hit $3 billion.



Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s