Indonesia- Nigeria Foreign Economic Relations: A Partnership for Economic Development

Q2 Social Sciences Journal of Economic Cooperation and Development Pub Date : 2017-10-01 DOI:10.2991/UICOSP-17.2017.35

I. Bello, K. Musa, Asmau Isyaku Dutse, M. Bashir

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引用次数: 2

Abstract

Bilateral relations between Federal Republic Nigeria and Republic of Indonesia is traced to 1965 when Indonesia opened its first diplomatic mission in Sub Saharan Africa in Lagos Nigeria, Nigeria reciprocated in 1976 by opening a diplomatic mission in Jakarta. Since then Nigeria-Indonesia has enjoyed fruitful diplomatic and economic relations. These paper aims to investigate the volume of bilateral economic agreements and trades between both countries. The paper utilises secondary sources of data. The research finding shows that both countries enjoy several bilateral economic relations, in 2001 both countries signed Economic and Technical Cooperation agreement for establishing a Joint commission. Also, Nigeria was Indonesia’s largest trade partner in Africa as at 2014 with total trade volume standing at USD 3.9 million. Also, notable Indonesia companies in Nigeria includes Sayap Mas Utama, Indorama, Kalbe Farma and Dufil (Indomie) which is the largest producer of noodles in the country. This shows that Indonesia has significantly invested in industrialisation via non-oil sector the study thereby concludes that Nigeria can learn from Indonesia to improve its drive for non-oil export towards facilitating economic development. Keywords—economic relations, development trade, indonesia,

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印度尼西亚-尼日利亚对外经济关系:促进经济发展的伙伴关系

尼日利亚联邦共和国和印度尼西亚共和国之间的双边关系可以追溯到1965年，当时印度尼西亚在尼日利亚拉各斯在撒哈拉以南非洲地区开设了第一个外交使团，尼日利亚于1976年在雅加达开设了外交使团。从那以后，尼日利亚和印度尼西亚的外交和经济关系取得了丰硕的成果。本文旨在调查两国之间的双边经济协议和贸易的数量。本文利用了二手数据来源。研究结果表明，两国享有多项双边经济关系，2001年两国签署了建立联合委员会的经济技术合作协定。此外，截至2014年，尼日利亚是印度尼西亚在非洲最大的贸易伙伴，总贸易额为390万美元。此外，在尼日利亚的著名印尼公司包括Sayap Mas Utama, Indorama, Kalbe Farma和Dufil (Indomie)，后者是该国最大的面条生产商。这表明印度尼西亚通过非石油部门对工业化进行了大量投资，因此研究得出结论，尼日利亚可以向印度尼西亚学习，以改善其非石油出口的动力，以促进经济发展。关键词:经济关系;发展贸易;印尼;

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来源期刊

Journal of Economic Cooperation and Development Social Sciences-Political Science and International Relations

CiteScore

1.70

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0.00%

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期刊介绍： ournal of Economic Cooperation and Development (ISSN 1308-7800), previously titled the Journal of Economic Cooperation among Islamic Countries (ISSN 0252 - 953X), is a journal of applied research in development economics. The Journal welcomes original papers dealing with important economic and social issues of immediate concern to the developing countries. It will give special attention to those papers which deal with the potentials for and possibilities of promoting and expanding economic and technical cooperation among the developing countries. The Journal appears in English, in March, June, September and December. The Journal is indexed/abstracted in SCOPUS, JEL/Econlit, i-Journals, i-Focus and i-Future.

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