Indonesia hopes Ukraine will invest locally in wheat

08.08.2016

Indonesia and Ukraine have agreed to enhance cooperation in the agriculture sector. Besides the transfer of technology, it is hoped that Ukraine will invest in agriculture in Indonesia, particular in wheat.

President Jokowi "Jokowi" Widodo witnessed the signing of an agreement on agriculture cooperation between Agriculture Minister Amran Sulaiman and Ukrainian Food Minister Taras Kutovyi.

"We invite them to invest in Indonesia, particularly in wheat, because the country is known for its expertise in that commodity. We will try to develop wheat in Sumatra," Amran told journalists at the State Palace in Jakarta.

Ukraine is one of the biggest wheat producers in the world and ships more than 60 percent of its wheat exports to Indonesia, while more than 60 percent of Indonesia's exports to the country is palm oil, Foreign Minister Retno Marsudi said.

As the most populous country in Southeast Asia, Indonesia in 2014 imported more than 7 million tons of wheat, making it the third-biggest wheat importer in the world.


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