Azernews.Az

Azerbaijan and Indonesia are considering mutual investment. The issue was discussed on Monday at a meeting in Baku between Azerbaijani Economic Development Minister Shahin Mustafayev and Coordinating Minister for Economic Affairs of Indonesia Hatta Rajasa, along with the issues of economic development and expansion of trade, the Azerbaijani ministry said Monday.

The parties cited the potential for expansion of business ties between Azerbaijan and Indonesia and their effective use.

Mustafayev stressed that official and business visits, business forums and business meetings played an important role in boosting relations between the two countries.

The Indonesian minister stressed that the two countries have great potential for the development of bilateral relations.

An Azerbaijan-Indonesia business forum, which was attended by about 50 businessmen, including 13 Indonesian businessmen working in real estate, food industry, transport, manufacturing, construction, logistics, tourism, agriculture, fishery and other sectors, was held in Baku on Monday.

During the event, agriculture, food processing, tourism, construction and mining industries were cited as areas of possible cooperation between Azerbaijani and Indonesian entrepreneurs.

In January-July the two countries carried out foreign trade transactions in the amount of $1.246 billion, with Azerbaijani exports accounting for $1.219 billion.