Indonesia and Serbia have committed to enhancing their collaboration in several key sectors, including trade, energy, and food security. This agreement was formalized during the fifth Bilateral Consultation Forum held in Jakarta, reflecting a mutual interest in strengthening economic ties.
The two nations are exploring potential collaboration in mineral exploration, nickel processing, and the electric vehicle supply chain. Discussions also extended to emerging technologies such as artificial intelligence, semiconductors, and data centers, indicating a forward-thinking approach to digital transformation.
Bilateral trade between Indonesia and Serbia has been on an upward trajectory, with an average annual growth rate of 20.62% from 2021 to 2025, projected to reach $53.6 million by 2025. To further boost economic relations, both countries have agreed to consider a free trade agreement and plan to establish a joint economic commission aimed at improving trade access to Central and Eastern European markets.
Investment opportunities and industrial production were also key topics, alongside cooperation in employment. In a bid to enhance the legal protection of Indonesian migrant workers in Serbia, both governments are considering formal government-to-government arrangements.
The meeting reaffirmed both countries’ dedication to respecting sovereignty and territorial integrity, setting the stage for the sixth Bilateral Consultation Forum, which is scheduled to take place in Serbia, with the date yet to be announced.