Indonesia, Japan further intensify industrial cooperation
Indonesia and Japan continue to further intensify comprehensive economic cooperation, especially in the industrial sector, and the synergy between the two countries is expected to have a positive impact on stimulating business enthusiasm amid the ongoing COVID-19 pandemic.
Jakarta (VNA) - Indonesia and Japan continue to further intensify comprehensive
economic cooperation, especially in the industrial sector, and the synergy
between the two countries is expected to have a positive impact on stimulating business
enthusiasm amid the ongoing COVID-19 pandemic.
Japan is one of Indonesia’s strategic partners, Minister of Industry Agus Gumiwang Kartasasmita said on March 1, adding that bilateral trade excluding oil and gas sector grew at a pace of 5.06 percent during the 2014-2019 period.
Japanese investment totalled 4.31 billion USD in 2019 and 2.58 billion USD last year.
The Toyota Group has expressed an interest in injecting 2 billion USD into Indonesia and is committed to supporting the Indonesian Government’s efforts to reduce carbon emissions by producing hybrid and electric cars.
Of seven multinational corporations planning to relocate factories from China to Indonesia, three are three Japanese firms: Panasonic Manufacturing (worth 30 million USD), Denso (138 million USD), and Sagami Indonesia (50 million USD).
Indonesia and Japan agreed to cooperate in developing the industrial sector through the New 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.
The programme contains a framework for cooperation projects covering six strategic sectors: automotive, electronics, chemicals, textiles and garments, food and beverages, and metals.
Japanese Ambassador to Indonesia Kanasugi Kenji said Japan encourages its firms to invest in Indonesia.
The two have strong 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 survey by the Japan External Trade Organisation (JETRO) found that around 65.1 percent of Japanese companies in Indonesia forecast they would earn a profit in 2021 as they expect rising sales in the domestic market and expanded export markets./.
Japan is one of Indonesia’s strategic partners, Minister of Industry Agus Gumiwang Kartasasmita said on March 1, adding that bilateral trade excluding oil and gas sector grew at a pace of 5.06 percent during the 2014-2019 period.
Japanese investment totalled 4.31 billion USD in 2019 and 2.58 billion USD last year.
The Toyota Group has expressed an interest in injecting 2 billion USD into Indonesia and is committed to supporting the Indonesian Government’s efforts to reduce carbon emissions by producing hybrid and electric cars.
Of seven multinational corporations planning to relocate factories from China to Indonesia, three are three Japanese firms: Panasonic Manufacturing (worth 30 million USD), Denso (138 million USD), and Sagami Indonesia (50 million USD).
Indonesia and Japan agreed to cooperate in developing the industrial sector through the New 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.
The programme contains a framework for cooperation projects covering six strategic sectors: automotive, electronics, chemicals, textiles and garments, food and beverages, and metals.
Japanese Ambassador to Indonesia Kanasugi Kenji said Japan encourages its firms to invest in Indonesia.
The two have strong 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 survey by the Japan External Trade Organisation (JETRO) found that around 65.1 percent of Japanese companies in Indonesia forecast they would earn a profit in 2021 as they expect rising sales in the domestic market and expanded export markets./.
You should also see
Hmong ethnic people preserving traditional blacksmithing
Long Hay, in Muong Phang, Dien Bien Phu city, Dien Bien province, is a village inhabited by Hmong ethnic people. Some local families have continued the traditional craft of forging agricultural tools.
See more
World
Laos speeds up granting licences to foreign workers
Laos's Ministry of Labour and Social Welfare plans to issue visas to illegal foreign workers and extend permits to legal ones so that they can continue to work in the country.
World
Argentinian scholar praises Vietnam’s April 30, 1975 victory
The complete reunification of Vietnam on April 30, 1975 was an extremely significant event in the history of the country and the world, opined a scholar from the Institute for International Relations at the National University of La Plata, Argentina.
World
Malaysia tackles food security challenges
Empowering local communities in the agriculture sector to attract young people to this field is one of the measures taken by Malaysia to address labour shortage while also contributing to tackling challenges in food security.
World
Danger warning issued for Thailand’s Bangkok as extreme heat bites
Thai authorities on April 24 issued an extreme heat warning for Bangkok, urging people to stay indoors for their safety as temperatures soared.
World
Schools in Philippines go online amid extreme heat
Record heat in the Philippines in April has forced schools to send children home for online classes.
