Indonesia and Estonia have agreed to strengthen bilateral cooperation in the digital technology, food and beverage, and tourism sectors through a memorandum of understanding signed by the Indonesian Chamber of Commerce and Industry (Kadin Indonesia) and its Estonian counterpart at the Kadin Tower in Jakarta, with Estonian Foreign Minister Margus Tsahkna on Tuesday (22/4/25,) according to reporting from Jakarta Globe.
Bernardino M. Vega, Deputy Chair for International Trade at Kadin Indonesia, said Estonia is eager to expand its investment in Indonesia, particularly in the growing digital economy, F&B, and tourism industries.
“This MoU covers several areas with strong potential for cooperation, including digitalization, food and beverage, and tourism,” Vega said after the signing ceremony.
Jakarta Globe is reporting that Foreign Minister Tsahkna said the high-level trade mission marks a step forward in deepening ties between the two nations, both of which share a strong commitment to innovation, entrepreneurship, and mutually beneficial partnerships.
He praised Indonesia’s leadership in Southeast Asia and its growing role on the global stage, particularly in the digital economy, an area where Estonia has also built an international reputation.
Estonia boasts the highest number of unicorn startups per capita in Europe, with globally recognized companies such as Skype, Playtech, Wise, Bolt, Pipedrive, Zego, ID.me, Gelato, Veriff, and Glia originating from the Baltic nation, says Jakarta Globe.
Tsahkna described Indonesia as a vital gateway to Southeast Asia, rich in diversity, creativity, and economic dynamism, while positioning Estonia as a strategic entry point for Indonesian companies looking to access the European Union market or test innovative products and services.
In 2023, Indonesia imported goods worth USD 51.42 million from Estonia, while its exports to Estonia reached USD 394.68 million.
Source: Jakarta Globe
Stock photo by Daniel Peterson on Pexels
