The Europeans definitely have plenty of time and money to spend in Southeast Asia these days. This time, 60 delegates from the Mouvement des Entreprises de France (MEDEF) International are in Indonesia looking to form new trade relationships or build on existing ones.

MEDEF represents 40 French companies including big players Carrefour and Total. With the delegation is France’s Economic, Finance and Industry Minister Christine Lagarde and Junior Transport Minister Thierry Mariani. Lagarde said she wanted to increase France’s bilateral trade with Indonesia by at least 10% this year and has been meeting with senior Indonesian officials including Trade Minister Mari Elka Pangestu.

Trade between the two countries already stands at US$2.5 billion, a level it has maintained for the past couple of years. Indonesia buys French heavy machinery including aircraft and military equipment, while Indonesia exports mainly food products and clothing back to France. Lagarde said she hopes French companies can be “more active in trade with Indonesia.”

source & article: The Jakarta Post