Indonesia and Serbia have committed to enhancing their bilateral cooperation in key areas such as trade, industrial development, food and energy security, and emerging technologies. This agreement was reached during the fifth Bilateral Consultation Forum convened in Jakarta, where officials from both nations explored various avenues for collaboration.
During the forum, Indonesia extended an invitation to Serbia to engage in mineral exploration, nickel processing, and the development of electric vehicle supply chains. Additionally, discussions were held on potential partnerships in artificial intelligence, data centers, semiconductors, and digital transformation, highlighting a mutual interest in advancing technological cooperation.
Bilateral trade between the two countries has been on an upward trajectory, with an average annual growth rate of 20.62% from 2021 to 2025, culminating in a trade volume of $53.6 million by 2025. Both sides expressed interest in pursuing a potential free trade agreement and establishing a joint economic commission to improve trade relations and facilitate access to Central and Eastern European markets.
The talks also touched on investment opportunities, industrial production, and employment collaboration. Notably, both countries agreed to examine government-to-government arrangements to bolster the legal protection of Indonesian migrant workers in Serbia, showcasing a commitment to safeguarding workforce rights.
In a broader context, the two nations reaffirmed their dedication to sovereignty and territorial integrity. Looking ahead, they plan to convene the sixth Bilateral Consultation Forum in Serbia, with the date yet to be determined, indicating the ongoing nature of their diplomatic engagement.