The Foreign Affairs Ministry`s Directorate for Central and East European affairs in a written statement issued on Thursday said the Slovakian president would come to Indonesia for the signing of an agreement on cooperation in investment affairs.
The statement said that at a meeting in Surabaya, East Java, on February 23-24, 2011, Indonesia and Slovakia reached an agreement that would provide legal certainty for investment cooperation between the two countries.
The agreement would replace an old one made in 1994 to meet one of the provisions regarding investment policy within the European Union.
Indonesia and Slovakia have economic cooperation potential which has yet to be worked out optimally after the latter joined the European Union in May 2004.
The bilateral agreement on investment will complement efforts to step up trade and investment between the two countries.
In the past four years since 2007, efforts to step up trade and investment had been made among others through regular business meetings of Indonesian and Slovakian embassies officials.
The fourth business meeting which was focussed on the energy and infrastructure sectors was conducted in Jakarta on Thursday, February 24 in conjunction with the negotiations in Surabaya.(*)
Editor: Aditia Maruli Radja
Copyright © ANTARA 2011
