Indonesian, South African Foreign Ministers Discuss Economic Partnerships

Foreign Minister Retno Marsudi has encouraged her South African counterpart to boost economic partnerships, including trade and investment between the two countries.

Retno held discussions with South African Foreign Minister Maite Nkoana-Mashabane during a bilateral meeting in Cape Town on Monday (06/02).

“Indonesia and South Africa’s similar histories is a strong foundation for the development of a beneficial economic partnership between the two nations,” Retno said after the meeting.

Nkoana-Mashabane welcomed the Indonesian delegation, which included representatives of several state-owned enterprises and private companies, before discussing potential partnerships in strategic industries, finance and transportation.

“Indonesia and South Africa have agreed to encourage businessmen to take the open opportunities in both countries,” Retno said.

IORA Summit

The two ministers assigned their respective technical teams to conclude a plan of action for the 2017-2021 strategic partnerships.

The action plan will be a reference for cooperation in various fields, such as the maritime sector, diplomatic training partnerships and visa waivers for diplomatic passport holders.

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Retno and Nkoana-Mashabane also discussed preparations for the Indian Ocean Rim Association (IORA) Summit, which will take place in Jakarta in March.

“With strong IORA partnerships, nations around the Indian Ocean will contribute more to peace, stability and welfare in the region and the global community,” Retno said.

Trade between Indonesia and South Africa amounted to $860 million in the January-October period last year. This comprised of motorized vehicles, rubber, footwear, tires and paper.

South African companies invested $981,500 in Indonesia last year, while total investment originating from the country between 2011 and 2016 stands at $2.75 million. The main investment target is tourism, with 25,048 South Africans having visited Indonesia in 2015.



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