Indonesia and the Czech Republic Agree to Enhance Economic Cooperation

By : Nata Kesuma | Monday, October 23 2023 - 08:32 IWST

Source: Ministry of Foreign Affairs
Source: Ministry of Foreign Affairs - Jakarta, Indonesia – Indonesia and the Czech Republic have agreed to enhance cooperation in various fields, among others in infrastructure, transportation, vocational education, energy and mineral resources, environmental protection, defence industry, and healthcare, at the 6th Session of the Joint Economic Committee (JEC) held in Jakarta (18/10).

During the meeting, the Director General of American and European Affairs, Mr. Umar Hadi, also invited the Czech government and businesses to invest in the development of Indonesia's new capital, Ibu Kota Nusantara (IKN).

"IKN has been designed as a smart city that prioritizes sustainability in its development. I invite the Czech government and private sector to participate in one of the major projects of the 21st century," said Mr. Umar Hadi.

Meanwhile, Acting Director General in Charge of the Economy Section of the Ministry of Industry and Trade of the Czech Republic, Mr. Eduard Muřický, expressed his appreciation for the JEC, which has played a crucial role in enhancing economic cooperation between the two countries. Director General Muřický will also convey the investment opportunities in IKN to Czech businesses.

Two Czech companies, LINET and Škoda Group, were also present at the meeting. LINET has decided to expand its business in Indonesia and establish a production center for patient beds, with a focus on meeting the needs of the Asia-Pacific region. Meanwhile, Škoda Group is exploring investment opportunities and cooperation with various parties in Indonesia, including joint production and internship programs for vocational students.

In addition to attending the JEC, the Czech delegation also visited the Muara Karang Steam Gas Power Plant (PLTGU) operated by PLN Nusantara Power, and participated in the Indonesia-Europe Business Forum (IEBF) organized by the Directorate General of American and European Affairs of the Ministry of Foreign Affairs of the Republic of Indonesia on October 17-18, 2023.

During the IEBF, an investment commitment was announced between LINET and PT D&V International Makmur Gemilang to establish a production center in Indonesia.

The Czech Republic is one of Indonesia's emerging partners in Central Europe. Czech investments in Indonesia reached USD 3.2 million in 2022, marking a significant increase of 211.9% from the previous year. In terms of trade, the total trade between Indonesia and the Czech Republic also continues to grow, reaching USD 254.9 million in 2022. The JEC is held every two years, with the previous meeting taking place in Brno, the Czech Republic in 2021.

News Comment

Today's Industry

Wellington College Independent School Jakarta (WCIJ)

Senin, 29 April 2024 - 05:02 WIB

One of the UK’s Most Established Schools Chooses Jakarta for Their Latest Opening

Wellington College Independent School Jakarta (WCIJ) is thrilled to announce its grand opening in September 2024! As the first private UK school to open in Indonesia, WCIJ, a pioneering co-educational…

Presiden Jokowi

Selasa, 23 April 2024 - 10:29 WIB

President Jokowi Reaffirms Commitment to Farmers’ Welfare

President Joko “Jokowi” Widodo on Monday (04/22) inspected corn harvest in Boalemo regency, Gorontalo province. “Our corn import has decreased significantly from 3.5 million tonnes to…

Photo: Aris Nurjani/VOI

Rabu, 28 Februari 2024 - 12:47 WIB

Carsurin and NBRI Strengthen Strategic Alliance to Propel Indonesia’s EV Industry

PT Carsurin Tbk ("Carsurin") and the National Battery Research Institute ("NBRI") are pleased to announce the signing of a pivotal Strategic Alliance Agreement (SAA), marking a significant advancement…

Beras (Foto/Rizki Meirino)

Rabu, 21 Februari 2024 - 08:43 WIB

Gov’t to Continue Disbursing Rice Assistance

President Joko “Jokowi” Widodo has ensured that the Government will continue rolling out the rice assistance program for low-income families. The President made the statement when handing…

Ilustrasi pabrik beras. (Foto: DetikFood)

Rabu, 21 Februari 2024 - 08:40 WIB

Bapanas Head Ensures Availability of Rice Stock Ahead of Ramadan

The National Food Agency (Bapanas) has ensured the availability of rice for the fasting month of Ramadan and Eid al-Fitr 1445 Hijri/2024 CE. “We believe that there is enough rice for the fasting…