Indonesia-Japan Agree to Increase Cooperation in Investment Sector

INDUSTRY.co.id - Jakarta - Indonesian Foreign Minister Retno Marsudi met with Japanese Foreign Minister Taro Kono and the two Foreign Ministers agreed on the importance of enhancing cooperation in investment between Indonesia and Japan.

Both Foreign Ministers attended the 6th Indonesian-Japanese Strategic Dialogue at the Indonesian Ministry of Foreign Affairs in Jakarta on Monday (6/25/2018)

Japan is the second largest investor in Indonesia with an investment value of 5 billion US dollars (US) in 2017.

Foreign Minister Retno and Foreign Minister Kono agreed to explore the possibility of making Indonesia a production base for Japanese manufacturing products aimed at third markets, including markets in ASEAN countries.

In addition, the two Foreign Ministers also agreed on the importance of encouraging the completion of the overall Comprehensive Indonesia Economic Partnership Agreement (GR-IJEPA) Agreement.

Judging from the value of trade, trade between the two countries in 2017 increased by 13.54 percent from 2016, reaching 33.03 billion US dollars.

On the occasion, the Minister of Foreign Affairs and Foreign Minister of Japan witnessed the signing of the Exchange Notes on Marine and Fisheries Centers and Fish Market to improve cooperation in fisheries development in six outer islands of Indonesia, in Biak, Moa, Morotai, Natuna, Sabang and Saumlaki.