Trade and economic cooperation between Ukraine and Indonesia
Trade and economic cooperation between Ukraine and Indonesia
06 February 2022 02:02
The Republic of Indonesia remained the biggest trade partners of Ukraine in the region of the Southeast Asia.
Economic cooperation between Ukraine and Indonesia is regulated by the Agreement on Economic and Technical Cooperation (1996), the Trade Agreement (1996), the Agreement on Promotion and Protection of Investments (1996), the Agreement on Avoidance of Double Taxation and Prevention of Fiscal Evasion with respect to taxes on income (1996), the Agreement on Cooperation between the Chambers of Commerce (2009) and the Agreement on Cooperation in the Field of Agriculture (2016), Protocol between the State Service of Ukraine on Food Safety and Consumer Protection and the Indonesian Agriculture Quarantine Agency under the Ministry of Agriculture of the Republic of Indonesia on Cooperation in the Field of Plant Quarantine and Protection (2018).
The main directions of bilateral trade-economic and scientific-technical cooperation were formulated during sessions of the Intergovernmental Ukrainian-Indonesian Commission on Economic and Technical Cooperation (2005, 2009; Third Session was held on 21-22 February 2018).
According to Ukraine’s statistics, the bilateral trade turnover between Ukraine and Indonesia in 2021 amounted to 1,24 billion USD and increased by 22% compared to 2020. Exports amounted to 809,8 million USD and increased by 10,1% while imports increased by 55,4 % and amounted to 431,9 million USD.
According to the available data, the bilateral trade turnover between Ukraine and Indonesia in January 2022 amounted to 39 million USD, which is 25% less compared to the corresponding figure in 2021; exports amounted to 11.3 million USD and decreased by 58% compared to the same period in 2021; imports amounted to 27.7 million USD and increased by 11% compared to January 2021.
Ukrainian exports to RI, mostly represented by agricultural and metallurgical goods. Ukrainian import of RI consists mainly of palm oil, products of electronic industry, cocoa, footwear, paper and cardboard.
The most promising areas for bilateral trade and economic cooperation are: agricultural (supply of wheat, corn, egg powder, wheat flour, fresh fruits and other agricultural products), engineering (mining, gas pumping equipment), steel (technology and equipment for steel plants), military-technical (supply and repair of military equipment and weapons, as well as transfer of technology), energy (supplying of turbines, generators, transformers for thermal and hydroelectric power) and pharmaceutical.
Bilateral trade turnover between Ukraine and RI for the last years.
Economic indicator
Year
Data of State Statistics Service of Ukraine,
mln, USD
Data of State Statistical Agency of RI,
mln, USD
Turnover
2021
1241
1457
2020
1013
1186
2019
1031
1264
2018
876
1055,3
2017
658
836,6
Export from Ukraine to RI
2021
809,8
1040
2020
735,6
963
2019
735,2
1008
2018
616,2
822,8
2017
616,2
539,7
Import from RI to Ukraine
2021
431,9
416,9
2020
278
223,9
2019
295,8
256
2018
259,8
232,5
2017
260,6
296,6
Information regarding the bilateral trade turnover provided by State Statistics Service of Ukraine and State Statistical Agency of the Republic of Indonesia vary due to different types of statistical analysis methods (Indonesian side considers origin of the goods, while Ukrainian side - accounts state registration of the subjects of business transactions).
Business appeals to the Embassy of Ukraine in the Republic of Indonesia for providing assistance should be filled in accordance with the following forms of commercial/investment proposals and sent to the email: [email protected] or fax: +6221-250-08-02.
It is recommended to send presentation or/and information materials softcopy along with the commercial/investment form in the English or Bahasa language.
After the beginning of the Russian aggression on February 24, 2022 and the blocking of Ukrainian seaports, Ukraine's trade with Indonesia actually stopped (almost all goods in the structure of bilateral trade were delivered by sea).
The State Customs Service of Ukraine informs that from July 1, 2021 the provisions of paragraph 61 of Section XXI of the Customs Code of Ukraine on mandatory registration with the State Customs Service of Ukraine of non-residents who declare goods in Ukraine come into force.
According to part eight of Article 455 of the Customs Code of Ukraine, non-registration is a ground for refusal of customs clearance and passage through the customs border of Ukraine of goods, commercial vehicles.
According to the first part of Article 455 of the Customs Code of Ukraine, non-resident persons who are:
declarants of goods, commercial vehicles, in the cases provided for in paragraph 4 of part two of Article 265 of the Customs Code of Ukraine (foreign carriers moving goods, commercial vehicles, transit through the territory of Ukraine);
carriers of goods across the customs border of Ukraine and / or between customs in the territory of Ukraine or is the person responsible for such transportation (foreign carriers moving goods under customs control).
It is possible to register:
when entering or leaving Ukraine by filling in the registration form directly at the checkpoint and providing a copy of the registration certificate of a non-resident person issued by the competent authority of the country of registration;
by sending a completed registration form by post to any customs office and providing a copy of the registration certificate issued by the competent authority of the country of registration;
submit directly to any customs office a completed registration form and a copy of the registration certificate issued by the competent authority of the country of registration, or submission of these documents through an authorized person acting on the basis of a power of attorney from a nonresident or through a customs clearance agent acting on the basis agreement between a non-resident and a Ukrainian customs broker.
The registration form can be completed in any language of official international communication. To speed up the processing of information, it is desirable to fill it in Ukrainian or English.
After entering the data from the application into the information system of the customs service, a non-resident person will be assigned a temporary registration number within one hour.
Refusal to assign a temporary registration number is possible if:
The registration form does not contain all the required data;
the non-resident is already registered.
The temporary registration number allows a non-resident person to carry out all customs formalities and procedures without restrictions.
The non-resident shall be notified of the registration and assignment of the registration number within the next five working days.