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Indonesia willing to Barter the results of rubber and coffee with the Sukhoi Aircraft

Indonesia willing to Barter the results of rubber and coffee with the Sukhoi Aircraft
Indonesia willing to Barter the results of rubber and coffee with the Sukhoi Aircraft

Minister for trade (Mendag), Enggartiasto Lukita, said plan barter Sukhoi Su-35 aircraft Russia with commodity plantations of Indonesia nearly reached an agreement. In the trade trade counter scheme with (some trademark), commodity products offered i.e. in the form of rubber, coffee, tea and palm oil (CPO).

Some of these trade agreements already discussed further when Russia visit on 3-5Enggar August 2017. In the trade mission visit, signed a Memorandum of Understanding (MoU) between the Russia STATE-OWNED aircraft manufacturer, Rostec, with trading company PT Indonesia (PPI), so companies exporting commodities Indonesiared plates plantations.

The purchase of fighter aircraft Sukhoi Su-35 it is planned to replace the fleet of F-5Indonesia which are out of date. As for the value and convenience of Commerce should be done with Russia in the form of 11 aircraft Sukhoi SU-35 with a value of about $600 million.

According to him, some of these trade agreements are very significant for Russia which currently faces a trade embargo from the United States, the European Union, and its associated security and territorial issues. While Russia retaliated with sanctionsrestrictions of imports from those countries.

Due to the embargo, which led Vladimir Putin needs an alternative source to meet food needs, including tropical fruits, as well as other products that open up opportunities of greater trade with Indonesia.

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Indonesia willing to Barter the results of rubber and coffee with the Sukhoi Aircraft

Last year, the trade value between Indonesia and Russia reached the US $2.11 billion, with Indonesia enjoyed a surplus of US $411 million. The value of trade experienced a significant increase compared with the 2015 trade value of u.s. $1.9 billion.
Export of Indonesia's non oil and gas to Russia grew by 8.5% in the last 5 years withthe value of exports in 2016 for u.s. $1.3 billion. In the period January-may 2017, total trade of Indonesia-Russia also experienced an increase in 54.43% compared withthe same period last year with a value of US $1.12 billion.
Indonesia is still experiencing surplus trade with Russia amounted to $77.45 millionUS, with export value amounting to $599.97 million US. Indonesia's main export products into the land of the White bears, namely palm oil and its derivatives, coffee, rubber, coconut oil, and Brown.

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The barter of commodities outside the estate and fighters, hoping to speed up the formation of Enggar Indonesia-Russia Prefential Trade Agreement (PTA) and Eurasian-Indonesia FTA so as to encourage a balanced trade with Russia and countries in the Eurasian region.

Russia has an important role in trade relations, because the State of Indonesia into the gates of Indonesia's products to the Eurasian Economic Union zone that comprises Russia, Belarus, Kazakhstan, Armenia, Kyrgyzstan.

Source:
https://finance.detik.com/berita-ekonomi-bisnis/d-3593372/ri-mau-barter-karet-sampai-kopi-dengan-pesawat-sukhoi?_ga=2.153433020.501122259.1502331446-185648379.1502331441
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