ASIATODAY.ID, FUZHOU — Indonesia and the People’s Republic of China have strengthened their strategic industrial partnership under the Two Countries, Twin Parks (TCTP) framework, unlocking new investment commitments and accelerating the development of priority cross-border industrial projects.
The progress was highlighted during a Tripartite High-Level Meeting involving China’s Ministry of Commerce (MOFCOM), the Government of Fujian Province, and an Indonesian delegation led by the Coordinating Ministry for Economic Affairs of the Republic of Indonesia Coordinating Ministry for Economic Affairs of the Republic of Indonesia.
The meeting focused on advancing TCTP from a policy framework into project-based cooperation with tangible outcomes in investment realization, trade expansion, industrial development, and regional economic connectivity.
Accelerating flagship industrial cooperation
Both sides agreed to expedite several priority initiatives, including the flagship (champion) project between China State Construction Engineering Corporation (CSCEC) and the Integrated Industrial Estate of Batang (KITB), expansion of TCTP coverage areas, and finalization of the TCTP Roadmap 2026.
Other priorities include reactivating the TCTP contact point in Fuzhou, strengthening logistics and tourism linkages, expanding Indonesian export access to China, and advancing a Twin Parks plus Tourism Economy model integrating industrial zones with tourism development.
Direct shipping connectivity between Fujian and Indonesian industrial regions was also explored to improve supply chain efficiency and deepen bilateral economic integration.
USD 500 million in new investment commitments
A major milestone of the cooperation was the signing of 10 Memoranda of Understanding (MoUs) during the China–Indonesia TCTP Economic and Trade Cooperation Matchmaking Conference held at Fujian Fuyao University of Science and Technology in Fuzhou on May 15, 2026.
The agreements span strategic sectors including biomedicine and clinical research, artificial intelligence and data security, digital trade, healthcare equipment, herbal industries, electric vehicle mobility, electric motorcycle manufacturing, consumer electronics, and academic and research collaboration.
These MoUs represent approximately USD 500 million in new investment commitments, bringing total accumulated investment under the TCTP framework to around USD 10.5 billion, up from USD 10 billion announced in February 2026 in Jakarta.
Investment-led growth agenda
Deputy for Coordination of Trade and Digital Economy Affairs at the Coordinating Ministry for Economic Affairs Ali Murtopo Simbolon said investment remains a key driver of Indonesia’s ambition to achieve an 8% economic growth target, particularly through provinces involved in the TCTP initiative.
“Investment is a key driver for achieving the 8% growth target, especially in regions participating in TCTP cooperation,” he said on July 2, 2026.
In a separate engagement, the Vice Governor of Fujian Province reaffirmed strong regional support for the initiative, including enhanced investment facilitation, industrial zone promotion, and strengthened coordination through the TCTP service platform. (AT Network)
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