Jakarta (VNA) - Indonesia and Japan continue to further intensify comprehensiveeconomic cooperation, especially in the industrial sector, and the synergybetween the two countries is expected to have a positive impact on stimulating businessenthusiasm amid the ongoing COVID-19 pandemic.
Japan isone of Indonesia’s strategic partners, Minister of Industry Agus GumiwangKartasasmita said on March 1, adding that bilateral trade excluding oil and gas sector grewat a pace of 5.06 percent during the 2014-2019 period.
Japaneseinvestment totalled 4.31 billion USD in 2019 and 2.58 billion USD last year.
The ToyotaGroup has expressed an interest in injecting 2 billion USD into Indonesia and iscommitted to supporting the Indonesian Government’s efforts to reduce carbon emissions byproducing hybrid and electric cars.
Of sevenmultinational corporations planning to relocate factories from China toIndonesia, three are three Japanese firms: Panasonic Manufacturing (worth 30 million USD),Denso (138 million USD), and Sagami Indonesia (50 million USD).
Indonesiaand Japan agreed to cooperate in developing the industrial sector through theNew Manufacturing Industry Development Center (New MIDEC), said Eko SA Cahyanto,Director General of Resilience, Territory and International Industrial Access(KPAII) at the Ministry of Industry.
Theprogramme contains a framework for cooperation projects covering six strategicsectors: automotive, electronics, chemicals, textiles and garments, food andbeverages, and metals.
Japanese Ambassadorto Indonesia Kanasugi Kenji said Japan encourages its firms to invest inIndonesia.
The two havestrong historical ties, he went on. With around 2,000 Japanese companies in Indonesia,Japan has contributed greatly to its economy through job creation and export expansion,he said.
A surveyby the Japan External Trade Organisation (JETRO) found that around 65.1 percentof Japanese companies in Indonesia forecast they would earn a profit in 2021 asthey expect rising sales in the domestic market and expanded export markets./.
Japan isone of Indonesia’s strategic partners, Minister of Industry Agus GumiwangKartasasmita said on March 1, adding that bilateral trade excluding oil and gas sector grewat a pace of 5.06 percent during the 2014-2019 period.
Japaneseinvestment totalled 4.31 billion USD in 2019 and 2.58 billion USD last year.
The ToyotaGroup has expressed an interest in injecting 2 billion USD into Indonesia and iscommitted to supporting the Indonesian Government’s efforts to reduce carbon emissions byproducing hybrid and electric cars.
Of sevenmultinational corporations planning to relocate factories from China toIndonesia, three are three Japanese firms: Panasonic Manufacturing (worth 30 million USD),Denso (138 million USD), and Sagami Indonesia (50 million USD).
Indonesiaand Japan agreed to cooperate in developing the industrial sector through theNew Manufacturing Industry Development Center (New MIDEC), said Eko SA Cahyanto,Director General of Resilience, Territory and International Industrial Access(KPAII) at the Ministry of Industry.
Theprogramme contains a framework for cooperation projects covering six strategicsectors: automotive, electronics, chemicals, textiles and garments, food andbeverages, and metals.
Japanese Ambassadorto Indonesia Kanasugi Kenji said Japan encourages its firms to invest inIndonesia.
The two havestrong historical ties, he went on. With around 2,000 Japanese companies in Indonesia,Japan has contributed greatly to its economy through job creation and export expansion,he said.
A surveyby the Japan External Trade Organisation (JETRO) found that around 65.1 percentof Japanese companies in Indonesia forecast they would earn a profit in 2021 asthey expect rising sales in the domestic market and expanded export markets./.
VNA
