Indonesia-Japan Agree to Increase Cooperation in Investment Sector

By : Herry Barus And Aldo Bella Putra | Monday, June 25 2018 - 18:30 IWST

Menlu Retno Marsudi (Foto Istimewa)
Menlu Retno Marsudi (Foto Istimewa)

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.

News Comment

Today's Industry

Indonesia sends medical assistance to India to handle the surge in COVID-19 cases. (Photo by: Presidential Secretariat/Rusman)

Selasa, 18 Mei 2021 - 12:00 WIB

COVID-19: Indian Ambassador Lauds Indonesia for Medical Aid

Indian Ambassador to Indonesia Manoj Kumar Bharti expressed his appreciation for medical assistance from the Indonesian Government to India in an effort to handle the COVID-19 pandemic.

Meeting on Halal Industrial Zone and Halal Certification in Jakarta, Tuesday (11/5). (Photo by: Vice President’s Secretariat)

Selasa, 18 Mei 2021 - 11:27 WIB

Halal Certification Process Must be Conducted Quickly: VP

One of the Government’s efforts to make Indonesia as the world’s biggest halal producer is through the designation of the Halal Industrial Zone (KIH). To date, the Government has designated…

COVID-19 Emergency Hospital in Kemayoran Athletes Village (Photo by: PR of Ministry of Health)

Kamis, 13 Mei 2021 - 06:10 WIB

Gov’t Completes Incentive Payment for Volunteers at Kemayoran Athletes Village

Ministry of Health, on 6-10 May 2021, has completed incentive payment of December 2020 for 1,613 volunteers working at COVID-19 Emergency Hospital in Kemayoran Athletes Village amounting to…

Vice President Ma’ruf Amin chairs a virtual meeting of the Regional Autonomy Advisory Council (DPOD), Tuesday (11/05). Photo by: BPMI of Vice Presidential Secretariat

Kamis, 13 Mei 2021 - 05:00 WIB

Special Allocation Fund during Pandemic Must be Managed in Accountable Manner: VP

The use of Special Allocation Fund (DAK) during the COVID-19 pandemic must take into account the accountability principle, Vice President Ma’ruf Amin has said.

Minister of Religious Affairs Yaqut Cholil Qoumas, Chairperson of the Indonesia Ulema Council (MUI) KH Abdullah Jaidi, and Deputy Head of Commission VIII Ace H Syadzili

Kamis, 13 Mei 2021 - 03:50 WIB

Eid al-Fitr Falls on Thursday, Gov’t Announces

The Government has announced that the first day of Shawwal 1442 Hijri, which marks the Eid al-Fitr 1442 Hijri celebration, falls on Thursday, 13 May 2021.