ASIATODAY.ID, JAKARTA – Indonesia and China have strengthened their strategic partnership with the signing of 16 new Memorandums of Understanding (MoUs) valued at about USD 2.19 billion.
The agreements were inked by business leaders from both countries and witnessed by Indonesia’s Coordinating Minister for Economic Affairs Airlangga Hartarto during the China–Indonesia Economic and Trade Exchange and Matchmaking Conference Two Countries Twin Parks on Wednesday, November 26, 2025 in Jakarta.
The signing marks a major milestone in advancing the Two Countries Twin Parks (TCTP) initiative — an industrial collaboration framework designed to accelerate investment flows, integrate supply chains, and drive sustainable economic growth across both nations.
A USD 19.2 Trillion Economic Synergy
With a combined population of 1.7 billion people and an economic value of USD 19.2 trillion, Indonesia and China hold significant weight in the global economic landscape. China remains Indonesia’s largest trading partner, recording USD 135 billion in bilateral trade in 2024.
“The Two Countries Twin Parks initiative is a strategic platform to synchronize industrial strengths between Indonesia and China by connecting twin industrial zones. This will enhance value-chain integration and boost competitiveness,” Minister Airlangga stated.
16 MoUs Set for Implementation Starting 2026
The newly signed investment projects — worth roughly USD 2.19 billion — are scheduled to commence implementation in 2026, covering key national priority sectors such as:
Steel, nickel, and industrial commodity exports
Food processing and marine industries
Integrated fisheries
Solar energy and energy storage systems
Coal supply and industrial raw materials
Indonesia–China artificial intelligence research and collaboration
New technologies and industrial equipment
Development of industrial zones and new energy supply chains
This amount represents 24.3% of the USD 10 billion investment commitment previously announced by the Fuzhou Municipal Government during a visit by the Coordinating Ministry for Economic Affairs in August 2025.
Supporting Indonesia’s Target of 8% Economic Growth by 2029
Under President Prabowo Subianto, Indonesia aims to achieve 8% economic growth by 2029. Strategic collaborations like TCTP are expected to contribute significantly by: attracting high-quality foreign investment, expanding employment opportunities, strengthening foreign exchange reserves, boosting industrial competitiveness.
Minister Airlangga emphasized that Indonesia’s 19 trade agreements, including those with the European Union set to take effect by 2027, will further enhance the country’s attractiveness and must be fully leveraged.
Strengthening Economic Ties With Fujian Province
Following the ceremony, Minister Airlangga held a bilateral meeting with Guo Ningning, Executive Vice Governor of Fujian Province, discussing: investment realization and expansion, development of higher-quality industrial zones, cooperation in fisheries and maritime industries, expanding flight routes to support tourism, education and workforce development partnerships.
The meeting highlighted the deepening economic ties between the two countries, particularly through ongoing projects in Batang and potential expansion into new areas such as Bintan Island. (AT Network)
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