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Indonesian Non-Oil and Gas Exports to Switzerland 9.4% PDF Print E-mail
Written by Maizer   
Tuesday, 07 January 2020

Based on Swiss Federal Customs Administration records, Indonesia's exports in 2018 reached US $ 910 million, then rose to US $ 960 million until the end of November 2019. While Indonesia's imports from Switzerland declined 10.9%, from US $ 505 million in 2018 to US $ 418 million to the end November 2019.

 

Thus, the surplus for Indonesia increased from US $ 405 million in 2018 to US $ 543 million in 2019. For commodities with HS 71 code, namely precious metals and jewelry, 64% of Indonesia's total exports to Switzerland.

 

Indonesia's exports of this type of commodity experienced an increase of 14.7% in 2019. Other export products that experienced an increase were increased footwear, textile products, organic chemistry, optical instruments. The biggest increase was experienced by coffee products with 33% increase, 26% essential oil and 13% cocoa.

 

Whereas the biggest decrease of Indonesia's imports from Switzerland was sports equipment, textile products, musical instruments, watches and other forms of textile products.

 

This increase certainly cannot be separated from a number of economic diplomacy activities carried out by the Indonesian Embassy in Bern with several related parties. These export promotion activities are generally focused on commodities that have a lot of demand in Switzerland such as coffee and cocoa beans. The recent coffee promotion was at the Swiss Coffee Trader Association meeting in Basel in October 2019.

 

In the exhibition, Indonesian coffee producers immediately received orders from Swiss importers. In another activity, coffee from Bali received quite a lot of orders from Starbuck Trading in Lausanne.

 

Another promotional activity organized by the Indonesian Embassy in Bern in collaboration with the Indonesian Chamber of Commerce and the Indonesian Industry Attaché in Brussels is the Kadin trade mission to a number of machinery industries in Switzerland. Where, the Kadin Delegation consisting of six high-precision machinery industries received positive response from major Swiss industries such as Rheinmetal, ABB, Stadler Rail, to establish cooperation so that they could become part of their industrial supply chain in Switzerland.

 

In a meeting with the Swiss Minister of Economy, Education and Research in November 2019, Indonesian Ambassador Bern Muliaman Hadad said that Indonesia was very optimistic that an increase in Indonesia-Swiss trade under the Indonesia-EFTA CEPA was signed in December 2018. "In this agreement, Switzerland will abolish 7,042 tariff posts Muliaman said that 81.74% of the total Swiss tariff posts included 99.65% of the total value of Swiss imports from Indonesia. With this IE-CEPA, we are very optimistic that Indonesia's exports to Switzerland will increase rapidly, "said Muliaman.

 

In the investment sector, in 2019 is a golden year because there is a substantial increase in investment commitments. The investment commitment of the Swiss Stadler Rail industry to build the railroad industry in Banyuwangi with PT INKA, then the acquisition of PT Adira Asuransi by Zurich Insurance and the expansion of Nestle Indonesia's industrial capacity totaling USD 734 million or around Rp 6 trillion. "This commitment, when realized, will increase Swiss investment in Indonesia by 200 percent," said the former OJK Chairperson.

 

For 2020, promotional activities will focus on the socialization of IE CEPA to the Swiss and Indonesian businesses. In this activity the Indonesian Embassy in Bern will collaborate with the Indonesian Chamber of Commerce, the Ministry of Trade, the Ministry of Industry, the Ministry of SMEs and Cooperatives, the Swiss Asian Chamber of Commerce and Swiss Global Enterprises.

 

This needs to be done so that this agreement, if it has been carried out later, can be fully utilized to increase Indonesia's exports to Switzerland and Swiss investment to Indonesia. The IE CEPA has been approved by the two Swiss parliamentary chambers and will be ratified in early April 2020 if within 100 days of December 2019 the number of people who disagreed did not reach 50,000 votes. The Swiss Ministry of Economy believes that this agreement can be ratified in due course.

 

 
		
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