Published: 11th May, 2024
Context
The first-ever India-Indonesia Defense Industry Partnership was held in Jakarta that marked the importance of bilateral defense cooperation in the 75th year of diplomatic ties between the two nations.
Key-highlights of India-Indonesia Relations
- Formal diplomatic relations established in: 1951
- Trade relations established in: 1978
- In 2018, India and Indonesia elevated their relationship to a "Comprehensive Strategic Partnership".
- The duo also agreed on the "Shared Vision of India-Indonesia Maritime Cooperation in the Indo-Pacific".
- Factors fostering peaceful relations: Geographical proximity, history of collaboration in international forums like the Non-Aligned Movement
- Key areas of cooperation: Energy sector, Technology and medicine, Food security and agriculture.
- Exports from India to Indonesia: motor vehicles and cars, sugar, ships, boats, and floating structures and iron and steel
- Imports from Indonesia: coal, coke, and briquettes, vegetable oils, iron and steel, bulk minerals and ores and cosmetics and toiletries
- Indonesia is viewed by India as a crucial ASEAN member.
- Indo-Indonesia Joint Commission (JCM) was formed in 2003
- The Double Taxation Avoidance Agreement (DTAA) was endorsed in 2012.
- Bilateral Exercises
- The 42nd India-Indonesia Coordinated Patrol (IND-INDO CORPAT) is scheduled to take place in May.
- Military exercise Garuda Shakti
- Naval exercise Samudra Shakti
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