Indonesia seeks to deepen economic ties with Namibia – Business

Indonesia wants to strengthen economic ties with Namibia, after recording substantial growth in bilateral trade.

Indonesian Ambassador to Namibia Wisnu Pratignyo says Namibia is a promising economy and has potential for greater collaboration.

“Namibia is a vital and promising economic partner for Indonesia on the African continent,” says Pratignyo.

According to Pratignyo, Namibia also provides access to neighboring markets such as Botswana, Zimbabwe, Zambia and Angola.

This was said yesterday during the Namibia-Indonesia Business Forum held in Windhoek.

Despite existing challenges, trade between the two countries has seen significant growth, with total trade volume reaching over N$192 million in 2023.

He said this underlines the evolution of the economic relationship, which has progressed steadily over the past five years.

“Economic cooperation between our nations remains a focal point in discussions among Indonesia’s business communities,” Pratignyo said.

He said the business forum initiative aligns with Indonesia’s broader economic diplomacy towards Africa, which aims to transform long-standing political and historical relationships into strong economic partnerships.

The executive director of the Ministry of Industrialization and Trade, Sikongo Haihambo, said that although the first priority in terms of collaboration is given to African countries, Namibia will not close its doors to other collaborations just because Africa is moving at a slower pace.

“We can learn from everyone and that is why collaborations are always welcome. The scope of cooperation with the world is almost unlimited,” Sikongo said.

He said that considering Namibia imports almost everything it consumes, now is not the time to be picky.

“For a country that imports almost everything we consume, choosing would be reckless,” said Sikongo.

He added that direct links with Indonesia can be created for corporations, considering their investment priority areas.

Indonesia extended invitations to upcoming major events, including the Second Indonesia-Africa Forum on September 3-4 in Bali.

The forum aims to turn the close political relations between Indonesia and Africa into tangible economic cooperation and enhance technical cooperation between developing countries.

Additionally, the 39th Trade Expo Indonesia is scheduled for October 9-12, at the Indonesia Convention Expo in South Tangerang.

“Our office is ready to help organize business meetings for those interested in meeting their Indonesian counterparts,” Pratignyo said.

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