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(Jun 07, 2013) On May 28, 2013, during a visit by President Susilo Bambang Yudhoyono of Indonesia to Sweden, the two countries signed a Memorandum of Understanding on sustainable development of urban areas. The pact, signed by Indonesian Foreign Minister Marty Natalegawa and Swedish Trade Minister Eva Bjorling, stresses green city concepts. The signing was part of a meeting focused on trade, investment, tourism, education, climate change, and the environment. On May 27, the two nations had signed three letters of intent, one each on health, science and technology, and the environment. (Indonesia, Sweden Sign MOU on Sustainable Urban Development, ANTARA NEWS (May 29, 2013); Indonesia's President Visits Sweden, ICE NEWS (June 3, 2013).)

In addition to the inter-governmental accords, on May 27 a Memorandum of Understanding was signed between the life science industry associations of the two countries, SwedenBIO and the Indonesian Pharmaceutical Association. The document covers plans for cooperation between the life science industries of Sweden and Indonesia. (Press Release, SwedenBIO, MoU Between Swedish and Indonesian Life Science Industry Organisations (May 27, 2013), MY NEWS DESK.) The hope is that the collaborative work will improve conditions for patient populations, foster research and innovation, and benefit life-science businesses. The parties agreed to identify the needs of small and medium-sized enterprises in the field while creating a framework for cooperative research and commercial development. (Id.)

Indonesia and Sweden are important to each other as trading partners. In 2012, total trade between them was valued at US$1.46 billion, a 28% increase from 2011. (Indonesia, Sweden Sign MOU on Sustainable Urban Development, supra.)

Author: Constance Johnson More by this author
Topic: Environmental protection More on this topic
 International affairs More on this topic
 Science and technology More on this topic
Jurisdiction: Indonesia More about this jurisdiction
 Sweden More about this jurisdiction

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Last updated: 06/07/2013