ASIATODAY.ID, JAKARTA – China continues to move to expand its investment portfolio in Indonesia.
This was revealed from the meeting between the Coordinating Minister for the Indonesian Economy, Airlangga Hartarto, and the Chinese Ambassador to Indonesia, Wang Lutong, on Tuesday, November 5 2024.
The two discussed industrial development cooperation through the two countries twin parks program. This program is a form of collaborative industrial development at the Industrial Park.
“Cooperation in this program can be directed at developing high-tech industries such as electric vehicles (EV) and semiconductors in industrial areas which are Special Economic Zones (SEZ), including the Patimban SEZ and Subang SEZ, where Chinese investors such as BYD have expressed their interest in investing ,” said Airlangga.
Airlangga also delivered an update regarding bilateral economic cooperation between Indonesia and China.
China is an important economic partner for Indonesia which can be seen from the amount of investment and trade between the two countries. During January-September 2024, China is Indonesia’s third largest investor. In addition, China has been Indonesia’s largest trading partner over the past decade in terms of total trade, export and import value.
Airlangga also welcomed the offer of cooperation from the Chinese Ministry of Trade regarding the blue economy sector. It is hoped that this collaboration will encourage and strengthen private sector economic cooperation between Indonesia and China in sectors related to industry, downstream marine products, energy, tourism and biomedicine.
On the same occasion, the Chinese Ambassador expressed his support for accelerating the process of discussing cooperation in the blue economy sector between the two countries. It is hoped that this collaboration can be one of the results of the Indonesian President’s visit to China which will be held next week. (AT Network)
Follow Us at Google News and WA Channel