Iran – Indonesia Trade With National Currencies

WANA (May 23) – Dr. Raisi, the Islamic President of Iran, who has visited Indonesia, was officially welcomed by Indonesian President Joko Widodo at the presidential palace of this country.

Raisi has gone to Indonesia along with a high-ranking economic and political delegation.

The presidents of the two countries met and discussed with each other after firing 21 cannon balls in honor of the presence of the Iranian president and planting two saplings as a sign of peace and friendship.

Iran’s President Ebrahim Raisi’s visit to Indonesia. President Office / WANA News Agency

During this meeting, the two countries’ officials signed 11 important bilateral cooperation documents between Iran and Indonesia.

Preferential trade agreements, cancellation of visas, cultural exchanges, supervisory cooperation on the production of pharmaceutical products, cooperation in the fields of science, technology, and innovation, and bilateral cooperation in the field of oil and gas were among the cooperation documents signed between the authorities of the two countries.

“The two countries have decided to carry out their exchanges in national currencies.” The president said, referring to the goal to bring the trade volume to 20 billion dollars.

Indonesia is the most populous Islamic government, with 242 million people. 300 million-dollar market of this country is an enormous commercial potential for Iran.

Iran’s President Ebrahim Raisi’s visit to Indonesia. President Office / WANA News Agency

The purchase of 80,000 tons of liquefied gas from Iran by Indonesia, the cultural, artistic, and scientific activities of joint Iranian-Indonesian associations, and collective membership and partnership in the non-alignment movement are among the collaborations of the two countries.

However, considering the two countries’ historical background and potential capacities, The volume of their business relations is less than expected according to the existing capabilities.

The warm and friendly relations between Iran and Indonesia have always been essential and received the attention of the world’s media. In addition to the religious commonalities, the political and security positions of the two countries in the region and the world are often aligned.

Iran’s President Ebrahim Raisi’s visit to Indonesia. President Office / WANA News Agency

The relations have entered their eighth decade, and they believe that strengthening the cooperation of developing nations and governments can play a severe role in forming a new world order.

Also, issues such as the necessity of the unity of Islamic countries, promoting the actual image of Islam in the world, fighting against extremism, Islamophobia and supporting the interests of the Muslims of the world, including the Palestinian people, are the axes of special attention of the foreign policy of the two countries.