Indonesia–Panama relations

Indonesia–Panama relations

Indonesia
Panama

Indonesia–Panama relations was established in 1979. Since the beginning, both countries has realized the strategic importance of each counterparts; Indonesia sees strategic and geographic importance of Panama as their gate to Central America as well as to reach the Caribbean region, while Panama also has recognized the strategic importance of Indonesia in ASEAN region.[1] Indonesia has an embassy in Panama City, while Panama has an embassy in Jakarta.

Trade and investment

Indonesia sees Panama as an attractive market with good prospect to grow in the future. Currently Panama is Indonesian's fourth largest trading partner in Latin America after Brazil, Argentina and Chile. Panama Ministry of Trade and Industry has invited Indonesian business to invest and take the opportunity in Colon Free Zone (CFZ) as the center of economic activity in Panama.[1]

In 2011, the bilateral trade volume between Indonesia and Panama has reached US$ 218.7 million, a 45.1% increase compared to 2010 trade that booked US$ 150.7 million. Since 2007 to 2011, the bilateral trade shows increasing trend of average 33.7% increase annually. Indonesian main export to Panama are footwear, electronic parts, textile, and vehicle tire. While Indonesian imports from Panama mainly in shipping sector, such as passenger and cargo vessel, oil tanker, also ferrous waste and scrap.[1]

Culture

Indonesian embassy in several occasions has promoted Indonesian culture to Panama public, such as diplomatic reception on August 28, 2013. This includes the demonstration of Balinese bridal wear, paintings and decorations, the traditional music of Bali, slides show of photographs of Indonesian provinces as well as the presentation of some Indonesian dishes .[2] Indonesian traditional textiles, batik and ikat made its first appearance in Fashion Week Panama from October 10-12 in Atlapa Convention Centre. This event showcased 15 works of Panama fashion designer Isabel Chacín that inspired and applied Indonesian batik and ikat into her works.[3] These efforts to introduce Indonesia are expected to strengthen Indonesia-Panama diplomatic relation.

Notes

  1. 1 2 3 Aditia Maruli (September 13, 2012). "Indonesia - Panama menuju kerja sama ekonomi yang strategis" (in Indonesian). Antara News. Retrieved April 30, 2014.
  2. ↑ "Diplomatic Receptions Between Indonesia and Panama". The President Post. September 2, 2013. Retrieved April 30, 2014.
  3. ↑ "Batik dan Tenun Ikat Indonesia hadir pada Fashion Week Panama" (in Indonesian). Indonesian Embassy in Panama City. October 18, 2013. Retrieved April 30, 2014.

External links

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