Jakarta (ANTARA) - The Coordinating Ministry for Economic Affairs invited around 150 Turkish food processing entrepreneurs under the auspices of the Turkish Chamber of Commerce and Industry (ITO) to increase investment in Indonesia.

The ministry's Deputy for Food and Agribusiness Coordination Dida Gardera met ITO representative while visiting several booths of food storage, milling, and processing technology companies at the 2024 IDMA in Istanbul, Turkey.

"The agricultural sector has contributed significantly to national economic growth even though the world, including Indonesia, is currently facing food insecurity threats," he noted in his statement here on Monday.

The IDMA is an international exhibition that brought together machinery and milling technology supplier companies with industries that use processed grains, such as rice, corn, wheat, sorghum, beans, and feed.

Various agendas at the exhibition comprised a machinery and technology exhibition, business meetings, forums, and certified training for the milling industry.

Meanwhile, Gardera remarked that some Turkish businessmen were looking for a simplification of the investment process in Indonesia.

To this end, he said his side is committed to facilitating the resolution of obstacles faced while investing in Indonesia.

He explained that relations between Indonesia and Turkey are strengthened by the similar majority religion and culture, so Turkish businessmen are enthusiastic to invest in Indonesia.

However, he remarked that Turkey's biggest obstacle to invest in Indonesia is the long distance between the two countries, although Indonesia believes that logistical and distribution support can be facilitated by trade agreements between both parties.

"Hopefully, Turkish entrepreneurs can invest in Indonesia, especially in the food sector, such as in dairy companies ranging from feeder cows to final products, including candy, cheese, and yogurt. On the other hand, Turkish hazelnuts can be introduced in Indonesia," Gardera stated.

The IDMA alone had an export transaction target of US$500 million.

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Translator: Bayu S, Kenzu
Editor: Rahmad Nasution
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