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Indonesia Boosts Private Sector: Fisheries & Energy Cooperation

Cambodia and Indonesia Forge Stronger Ties in Trade, Energy, and Security

jakarta — May 5, 2024 —

In Jakarta, leaders from Cambodia and Indonesia met to enhance Cambodia and Indonesia’s cooperation. The discussions, held on May 5th, focused on fortifying partnerships in trade, energy, and security, indicative of a deepening relationship between the two Southeast Asian nations. The meeting also addressed cross-border crime, and both look towards a more prosperous future. For more in-depth analysis, please read on.

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Cambodia and Indonesia Forge Stronger Ties: Trade, Energy, and Security Take Center Stage


Senate president Hun Sen meets with Indonesian President Prabowo Subianto
Senate president Hun Sen (left) meets with Indonesian President Prabowo Subianto in Jakarta on May 5, during a working visit.

A Meeting of Leaders: Strengthening Bilateral Relations

Jakarta, Indonesia – Senate president Hun SenS recent working visit to Indonesia culminated in a productive meeting with Indonesian President Prabowo Subianto on May 5. The discussions centered on bolstering cooperation in key sectors, including trade, energy, and security, signaling a deepening of the relationship between the two Southeast Asian nations.

The meeting served as an chance for Hun Sen to congratulate prabowo on his triumphant election as Indonesia’s new president. Prabowo, in turn, acknowledged Hun Sen as an experienced statesman who has led the contry for manny years in Southeast Asia.

Addressing Energy Security: A Key priority

A central theme of the discussions was Cambodia’s need for energy security. While Cambodia boasts food security, it faces challenges in meeting its energy demands. This disparity presents an opportunity for collaboration with Indonesia, a nation making strides in both food and energy sectors.

Hun Sen highlighted this point, stating that Indonesia has recently become a leader in food security and energy security, while Cambodia has food security but lacks energy security. He further expressed his hope that both countries have good cooperation, and he hopes both sides can further promote cooperation in economic exchange, trade, tourism and aviation.

Prabowo emphasized indonesia’s commitment to prioritizing energy security through strategic investments.He noted that in the six months as assuming the presidency, Indonesia has made significant progress in food security while simultaneously focusing on energy development.

potential Collaborations: Fisheries and Energy Sectors

Indonesia has proposed a memorandum of understanding (MoU) on fisheries, signaling a strong interest in fostering collaboration between private companies in both the fisheries and energy sectors. This initiative aims to leverage Indonesia’s expertise and resources to support Cambodia’s development in these critical areas.

Boosting Connectivity: Aviation and Tourism

Currently, AirAsia Cambodia is the sole operator of flights to indonesia, with service to Bali. However, Indonesian companies are exploring the possibility of launching flights to Siem Reap, a move confirmed by Prabowo.This expansion of air travel would undoubtedly boost tourism and facilitate greater economic exchange between the two countries.

combating Cross-Border Crime: A Shared Obligation

Beyond economic matters, the two leaders also addressed the critical issue of cross-border crime, including online scams and drug trafficking. Increased cooperation in this area is essential to safeguarding the security and well-being of both nations.

Trade Dynamics: A Growing Partnership

trade between Cambodia and Indonesia reached $1.1 billion in 2024, marking a 1.5% increase from the $1.08 billion recorded in 2023, according to the General Department of Customs and Excise of Cambodia (GDCE). While Cambodia’s exports to Indonesia totaled $94.68 million, imports amounted to $1 billion, resulting in a trade deficit of $913 million. Indonesia currently ranks as Cambodia’s seventh-largest trading partner.

Despite the trade imbalance,the overall growth in trade volume underscores the strengthening economic ties between the two countries. Further collaboration and strategic partnerships can definitely help to address the trade deficit and unlock new opportunities for mutual benefit.

Looking Ahead: A Promising Future

The meeting between Hun Sen and Prabowo Subianto signifies a renewed commitment to strengthening the partnership between cambodia and Indonesia. By focusing on key areas such as energy security, trade, and security cooperation, both nations are poised to achieve significant progress and contribute to the stability and prosperity of the Southeast Asian region.

FAQ: Cambodia-indonesia Relations

  • What was the main focus of the meeting between Hun Sen and Prabowo Subianto?

    The meeting focused on strengthening cooperation in trade, energy security, and addressing cross-border crimes.

  • What is Cambodia’s main concern regarding energy?

    Cambodia has food security but lacks energy security, making it a key area for collaboration with Indonesia.

  • What trade relationship exists between Cambodia and Indonesia?

    In 2024, trade between Cambodia and Indonesia totaled $1.1 billion, with Indonesia being Cambodia’s seventh-largest trading partner.

  • What did Indonesia offer to Cambodia?

    Indonesia offered to foster cooperation between private companies in the fisheries and energy sectors and proposed an MoU on fisheries.

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