Indonesia and Serbia have agreed to enhance their bilateral cooperation across multiple sectors, including trade, industrial development, food and energy security, and emerging technologies. This decision was made during the fifth Bilateral Consultation Forum held in Jakarta, aimed at strengthening economic ties between the two nations.
The two countries are exploring potential collaborations in mineral exploration, nickel processing, and the electric vehicle supply chain. They also discussed opportunities in advanced technologies such as artificial intelligence, data centers, semiconductors, and digital transformation, reflecting a shared interest in modernizing and diversifying their economies.
Bilateral trade between Indonesia and Serbia has been growing significantly, averaging an annual increase of 20.62% from 2021 to 2025, and is projected to reach $53.6 million by 2025. In light of this growth, both countries have expressed interest in exploring a free trade agreement and establishing a joint economic commission to facilitate expanded trade and improved access to Central and Eastern European markets.
Investment opportunities, industrial production, and employment cooperation were also key topics of discussion. Notably, both nations are considering government-to-government arrangements to enhance the legal protection of Indonesian migrant workers in Serbia, indicating a commitment to safeguarding labor rights and welfare.
In addition to economic matters, both sides reaffirmed their commitment to sovereignty and territorial integrity, underscoring the importance of maintaining stable and cooperative international relations. The sixth Bilateral Consultation Forum is scheduled to take place in Serbia, though the exact date has yet to be announced.