Indonesia–Monaco relations

Indonesia–Monaco relations refer to foreign relations between the Republic of Indonesia and the Principality of Monaco. Due to the resemblance of the colors red and white on their flags, the Monégasque government asked Indonesia to modify its flag during the International Hydrographic Congress on 29 April 1952. Ultimately, Monaco and Indonesia came to an agreement by defining the proportions of their flags differently from one another. Monaco's is 4:5, while Indonesia's is 2:3. The two nations are members of the United Nations.
Initially, because the colors of the flags of these two nations were similar, Monaco refused to acknowledge Indonesia's independence. Monaco claims that the ripping of the Dutch flag is what gave Indonesia's flag its red and white colors. Soon after, Monaco learned that the red and white colors on the Indonesian flag had existed long before this united state was established. In fact, the red and white had been used during the Majapahit kingdom, which ruled over Indonesia from 1292 to 1527 AD.
On 22 March 2011, H.E. Rezlan Ishar Jenie, Ambassador Extraordinary and Plenipotentiary of the Republic of Indonesia to France, submitted his credentials to Prince Albert II at the Indonesian Embassy in Paris, accompanied by Military Attaché Mr. Ricky F. Winowatan. The official establishment of diplomatic relations between the two nations started on 17 December 2010.
Prior to the formalization of relations however, Prince Albert II has traveled to Indonesia on two private visits: from 11 to 13 November 1997, and from 2 to 10 December 2007, when he went to Nias Island to examine new housing for the area devastated by the 2004 tsunami. The "Siberut Conversation Project" for the local Siberut-Nias monkey was also visited by the Prince. The two NGOs "Act for Nature" and "Monaco Asie" coordinated the gathering.
In an effort to deepen and expand bilateral ties between the two nations, Ambassador Hotmangaradja Pandjaitan appointed Mr. Mahmouod Al-Abood as Indonesia's Honorary Consul for Monaco on 26 July 2017. The vice minister of Indonesia, Ambassador A.M. Fachir, met with Mr. Serge Telle, the head of administration for Monaco, on 2 December 2017, in Monaco. During their meeting, Ambassador Fachir gave a presentation on the country's various regional efforts and initiatives, including those related to the South China Sea, Myanmar, and lowering tensions on the Korean peninsula. Monaco, meanwhile, recognized and wholeheartedly endorsed Indonesia's critical role in fostering regional stability and upholding global peace. Both parties concurred throughout the conversation on the significance of international cooperation in advancing environmental and marine challenges.
A letter of intent between the Monaco Scientific Center and the Indonesian Ministry of Maritime Affairs and Fisheries was signed on 6 December 2018, during the International Coral Reef Initiative (ICRI) General Meeting by Mr. Patrick Rampal, Chairman of the Monaco Scientific Center, and Mr. Brahmantya Satyamurti Poerwadi, Director General of Marine Spatial Management (Indonesia). This agreement is being signed in response to the bilateral meeting that took place in Bali on October 29 between H.S.H. the Sovereign Prince and the President of the Republic of Indonesia.
On 17 May 2022, at the Prince's Palace of Monaco, H.E. Mr. Oemar gave Prince Albert II of Monaco a presentation of his credentials. Prince Albert II received a pledge from the Indonesian Ambassador to enhance future bilateral ties between Monaco and Indonesia. The creative economy, finance and banking, tourism, culture, and sports between Monaco and Indonesia are a few possible areas of focus.
Trade between Indonesia and Monaco increased from $579,1 thousand in 2015 to over $867 thousand in 2016. With a surplus of around $127,7 thousand, Indonesia's export balance was approximately $528,2 thousand. Pulp and paper, processed wood, textiles, leather, steel, machinery, and auto spare parts were among the goods exported by Indonesia to Monaco.
Monaco saw $5,521 billion in foreign investment in 2017, up from $4,104 billion and $4,102 billion in 2016 and 2015, respectively. Real estate, insurance, and finance are some of Monaco's top investment sectors.