Economy and Trade Switzerland–Indonesia

Bilateral trade between Switzerland and Indonesia is growing steadily. Today Indonesia is Switzerland’s third most important trading partner in Southeast Asia. Switzerland mainly exports machinery, chemical products and pharmaceuticals, and imports gold, textiles and agricultural products.

With more than 150 Swiss companies operating in Indonesia, Switzerland has regularly been ranking among top 15 foreign investors. Indonesia is the fourth most important destination for direct Swiss investments in Asia after Japan, Singapore and China.

To strengthen bilateral economic relations, trade and investment, a joint economic and trade commission was established in November 2009. Several bilateral agreements regulate economic relations between Switzerland and Indonesia, including a bilateral trade agreement (1955) an aviation agreement (1980, revised 1993 and 2016) and a double-taxation treaty (1989, revised 2007), whereas an investment protection agreement (1976) has been terminated unilaterally by Indonesia in 2015.

Bilateral trade agreement (1955)

Aviation agreement (1980, revised 1993 and 2016)

Double-taxation treaty (1989, revised 2007)

Negotiations on an EFTA-Indonesia Comprehensive Economic Partnership Agreement are ongoing.

The Swiss Business Hub Indonesia, established in the Embassy in 2017, provides localized support, market information, consulting and networking services to Swiss companies venturing into Indonesia. It also promotes Switzerland as an  

Swiss Business Hub Indonesia

Since 2008 Indonesia is one of eight priority countries for economic development cooperation of the Swiss State Secretariat for Economic Affairs (SECO). With its Economic Cooperation Strategy 2017–2020 in alignment with Indonesia’s development priorities, SECO is supporting Indonesia's efforts to undertake public sector, economic and environmental reforms.

Economic Cooperation Strategy 2017–2020