REPUBLIKA.CO.ID, JAKARTA -- Faculty of Economy, University of Al Azhar Indonesia (UAI) with the UAI Mandarin Language Center held an International Seminar on the theme "Economic and Financial Relations Between Indonesia and China".

Dean of the Faculty of Economy UAI, Ahmad Muslim, said Indonesia is a producer of commodities and raw materials such as agricultural products, mineral products, and mining (oil and gas) where were partly exported abroad. At the same time, Indonesia was also importing goods in which the raw materials were actually produced in Indonesia. Thus, it could be said Indonesia was losing value-added.

"Dominant destination countries for Indonesian export commodities are the United States, European countries, Japan, and China," he said, Wednesday (18/11).

Meanwhile, Indonesia also imported various materials from various countries, including China. Then, a deficit of trade balance between Indonesia and other countries were becoming increasingly large. To reduce the trade deficit, Indonesia needs to increase the volume and value of exports to the countries and to other new countries, including China as country whose population is very large.

From China, Indonesia has been importing a variety of materials, starting from children's toys to other needs, including food and clothing, transport equipment and others. There was also emerging financial activities concerning the balance of trade and investment between the two countries.

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