Tag Archives: investmentinindonesia

Industry Minister Discusses I-EU CEPA with French Trade Minister

Indonesia3000: Indonesian Business Services Provider Posted on by

Jakarta – Industry Minister Agus Gumiwang Kartasasmita met Minister-Delegate, Foreign Trade, Economic Attractiveness, and French Nationals Abroad, Olivier Becht, to discuss progress of Indonesia-European Union Comprehensive Economic Partnership Agreement (I-EU CEPA) negotiations, deforestation, carbon, and investment opportunities.


The meeting took place on the sidelines of Kartasasmita’s working visits to France and Japan on October 2-6, 2023.

“We conveyed the importance of collaboration in the I-EU CEPA to accelerate the completion of ongoing negotiations, so that both parties can immediately benefit from the agreement,” he noted in a statement on Thursday.

He remarked that since 2016, negotiations on the I-EU CEPA agreement had been ongoing for 15 rounds. Hence, he is keen to seek the French government’s opinions on important points of the agreement, including the resolution of pending issues.

Regarding deforestation, Kartasasmita stated that as a partner, Indonesia seeks recognition in the sustainable practices existing in agricultural supply chains in commodity-producing countries. This is also related to Indonesian export commodities sent to the European Union.

In the last two years, the rate of deforestation in Indonesia has reached its lowest point in history due to various policies implemented by the government, he highlighted.

This figure last year decreased by 75 percent to the lowest level since monitoring began in 1990, he stated.

Hence, Indonesia is keen to continue to work with France to ensure that these efforts remain effective and produce useful results, the minister affirmed.

Kartasasmita also conveyed the first carbon credit trading scheme in Indonesia that was launched by President Joko Widodo last week. This program is included in Indonesia’s efforts towards net zero emissions by 2060.

This scheme is designed to be a new, sustainable economic opportunity in line with the world’s movement towards an environmentally friendly economy.

“I hope that France can be part of our change towards a more sustainable future,” he stated.

Kartasasmita then encouraged France to participate in deepening the industrial structure through investment to fill the industrial structure.

“If France can invest in our industrial structure, the value chain from upstream to downstream industrial processes can strengthen the supply chain and industrial ecosystem in Indonesia,” he noted.

He stated that a fulfilled industrial structure from upstream to downstream is an important key to helping Indonesia become a high-economy country in 2045.

This policy also has high added value and is key for Indonesia to become part of the global supply chain, Kartasasmita stated.

Furthermore, the minister highlighted plans for other meetings with French businessmen to establish joint venture cooperation and capacity building that will bring benefits for both parties.

“We will also meet with French automotive companies to work together in developing the electric vehicle (EV) industry,” he remarked.

 

RI’s Digital Economy Can Reach IDR 1,950 Trillion in 2025, This is the Motivator

Indonesia3000: Indonesian Business Services Provider Posted on by

The Financial Services Authority (OJK) projects that Indonesia’s digital economy in 2025 has the potential to reach US$130 billion or the equivalent of IDR 1,950 trillion (exchange rate of IDR 15,000). Bambang W. Budiawan, Deputy Commissioner for Supervision of Financing Institutions and Other Financial Services Institutions, revealed that the current contribution of the e-commerce sector in the country has reached US$59 billion or the equivalent of 80 percent of Indonesia’s digital economy. “In two years we will reach US$130 billion,” said Bambang at the Senayan Court, Jakarta, Friday (14/7/2023). This projection, he said, was driven by various innovations carried out by … Continue reading →

Encouraging Exports of Agricultural and Forestry Products, Policy Relaxation Enacted

Indonesia3000: Indonesian Business Services Provider Posted on by

Exports of various types of non-oil and gas products, including agricultural and forestry products, which are Indonesia’s main export products after mineral fuels, fats and oils, iron and steel, metal ores, and footwear are currently being boosted by the government. As sourced from the Ministry of Trade, Jerry Sambuaga as Deputy Minister of Trade, mentioned this during his working visit to CV Sono Putro, Klaten, Central Java. In order to boost export performance, the Ministry of Trade has taken several strategic steps, including providing policy relaxation for this type of product. The Vice Minister of Trade emphasized the importance of efforts … Continue reading →

Indonesia may become high-income country in few years: Pandjaitan

Indonesia3000: Indonesian Business Services Provider Posted on by

Indonesia’s marine economy has a lot of room to grow and the country could become a high-income country in the next few years, Coordinating Minister for Maritime Affairs and Investment Luhut B. Pandjaitan has said. According to Pandjaitan, in 2045, the contribution of the marine sector to the national economy would rise by twofold and continue to grow. At the opening of the Archipelagic and Island States (AIS) Forum here on Tuesday, he said that given the current trend, he believes that Indonesia would become a high-income country in 10 years. If this continues, within the next three decades, Indonesia … Continue reading →

Global economic growth to reach 2.8 percent in 2024

Indonesia3000: Indonesian Business Services Provider Posted on by

Bank of Indonesia (BI) has projected global economic growth to reach 2.8 percent in 2024, according to the central bank’ s governor, Perry Warjiyo, at a hearing between lawmakers and Finance Minister Sri Mulyani here Monday. “We predict that this year, the global economic growth can reach 2.7 percent and increase to 2.8 percent in 2024. This global economic improvement is boosted, particularly by the economic growth of developing countries, which is predicted to be better,” he stated. Amid the global turmoil, the global economy is forecast to still grow, aided by growth from developing countries, such as India and the ASEAN-5,  BI … Continue reading →

In the Last Three Years, Indonesia’s Trade Balance Surplus Consecutively

Indonesia3000: Indonesian Business Services Provider Posted on by

In the last three years, Indonesia’s trade balance has recorded an ever-increasing surplus. This shows that there is good trade performance for the country’s economy. Referring to data recently published by the Central Statistics Agency (BPS), Indonesia’s trade balance surplus in April 2023 increased from US$2.83 billion in March 2023 to US$3.94 billion. “Indonesia’s trade balance until April 2023 has experienced a surplus for 36 consecutive months since May 2020,” said BPS Deputy for Methodology and Statistical Information Imam Machdi in a press conference, Monday, quoted from Merdeka.com . The main thing that has increased the trade balance in April 2023 is the … Continue reading →

New Capital Authority to Develop One-Stop-Shop for Investors

Indonesia3000: Indonesian Business Services Provider Posted on by

President Joko Widodo has directed that an integrated one-stop-shop system be developed to support investors participating in Nusantara city’s development, according to the Nusantara Capital Authority (OIKN). OIKN Head Bambang Susantono said the one-stop-shop system must be developed to accelerate the processing of permits for the new capital’s development and to ensure that it is consistent with on-site conditions and prevailing laws. “It has been decided that (to address) investment issues, we have been asked to set up a one-stop shop system where other ministries and institutions will be included there,” Susantono informed at a press conference at the Presidential Palace Complex … Continue reading →

Even though the Global Economy is Slowing Down, Indonesia’s Economic Growth Remains Strong

Indonesia3000: Indonesian Business Services Provider Posted on by

Indonesia’s economic growth remains strong amidst a global economic slowdown. In a press release from Bank Indonesia (BI), as referring to the Central Bureau of Statistics (BPS) data, Indonesia’s economic growth in the first quarter of 2023 was recorded at 5.03% (yoy), a slight increase compared to growth in the previous quarter of 5.01% (yoy). ). Looking ahead, economic growth in 2023 is expected to remain strong at the upper limit of the 4.5-5.3% range, driven by improving domestic demand and continued positive export performance. Economic growth that remained strong was supported by all components of GDP. Exports continued to grow high … Continue reading →

Indonesian Finance Minister and South Korean Minister Discuss Economic Developments

Indonesia3000: Indonesian Business Services Provider Posted on by

Jakarta (ANTARA) – Finance Minister Sri Mulyani Indrawati met with Deputy Prime Minister and Economy and Finance Minister of the Republic of Korea, Choo Kyung-ho, in South Korea to discuss recent economic developments in the two countries. The meeting took place on May 3, 2023. “We agree that the two countries can work together in building stronger bilateral trade and investment activities to support the economic recovery of each country,” Indrawati said in a post on her official Instagram account @smindrawati on Thursday (May 4). During the meeting, she also sought South Korea’s views on Indonesia’s chairmanship of the 2023 ASEAN in … Continue reading →

3 Days in Germany, RI Pocketed 27 Business Deals Worth Nearly IDR 28 Trillion

Indonesia3000: Indonesian Business Services Provider Posted on by

After visiting Germany for three days, Indonesian President Joko Widodo (Jokowi) managed to secure 27 business deals with an investment value of US$1.98 billion or Rp.27.9 trillion. This good news was stated directly by the Coordinating Minister for the Economy Airlangga Hartarto when opening the Indonesian Pavilion at Hannover Messe. Of the total cooperation that was successfully bagged, 1 of them was in the form of intergovernmental agreements (Government to Government/G2G), 4 agreements between the government and business actors (G2B), while 22 others were agreements between companies (B2B). According to Airlangga, this cooperation can absorb up to 18,000 workers. In this biggest … Continue reading →