Largest Country in Asean, Indonesia Has Oil and Gas: Concerns
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Economic
- India-ASEAN FTA is already in place
- In October 2010, India and Indonesia implemented a free trade pact that slashed the import duties on thousands of products, such as seafood, chemicals and apparel.
- In 2011, January the two countries agreed to begin negotiations for concluding a Comprehensive Economic Cooperation Agreement (CECA) and set a bilateral trade target of $ 25 billion by 2025 against % 11 billion in 2009 - 10.
- Both countries have agreed to have a Biennial Trade Ministers Forum, including the establishment of a Trade and Investment Forum between the trade ministers to exploit the potential of trade and investment opportunities in both countries.
- They have also signed MoUs to cooperate in the food security sector.
Indonesia - Largest Country in ASEAN
- Large Muslim population-Coop in counter terrorism
- Historic ties: NAM
- LAPAN and ISRO Cooperation: satellite Launching technology
- Democracy initiative: Bali Democracy Forum
- Potential: Tourism
- Eco: CECA is being negotiated; awareness is low about investment potential; $ 14.8b in 2010
Indonesia Has Oil & Gas
Concerns
- Pak is getting closer to Indonesia
- Aceh separatist movement