Academic journal article The South East Asian Journal of Management

Editor's Note

Academic journal article The South East Asian Journal of Management

Editor's Note

Article excerpt

Strengthening bilateral economic cooperation between two countries will provide signicant benets for them. For example, in the case of bilateral trade, the benets enjoyed here are in accordance with the law of comparative advantage, which mentions that two countries will enjoy the benets of trade between them if the relative costs of producing goods and/or services are different. In other words, since one country is more efcient in producing certain goods or services, the other country will be better off if it imports those goods and/or services from that country instead of producing them domestically.

In an effort to strengthen the bilateral economic cooperation between Indonesia and Turkey, Turkish President Abdullah Gul visited Indonesia on 4th-5th, April 2011. A year before, President Susilo Bambang Yudhoyono paid a visit to Turkey.

In welcoming the visit of President Gul, the Indonesian Chamber of Commerce and Industry held the Business Forum on 5th April, 2011 which invited Indonesian and Turkey's businessmen, experts and academics.

In his speech, President Gul said that there are some important economic cooperation between Turkey and Indonesia in terms of the bilateral trade and investment, as well as cooperation in education. Data shows that the bilateral trade value between Turkey and Indonesia increased USD1.7 billion in 2010, up from USD1.2 billion in 2009. Of the total USD1. …

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