Emperor Naruhito and Empress Masako arrive at Soekarno-Hatta International Airport near Jakarta on June 17. (Photo: AFP/VNA)
Jakarta (VNA) – The Indonesian Employers Association (Apindo) sees the visit to Indonesia by Japan’s Emperor Naruhito “a golden opportunity” to attract Japanese investment into the country.
Emperor Naruhito and Empress Masako are making a State visit to Indonesia from June 17 - 23, the emperor's first official goodwill visit abroad since his ascension to the throne in 2019.
Apindo chairwoman Shinta Kamdani said that Indonesia should use this chance to show Japanese investors its investment climate.
Japan is currently Indonesia’s fourth-largest investor with Japanese direct investment in Indonesia reaching 1 billion USD in the first three months of 2023.
According to Shinta, Indonesia is mostly trading unprocessed commodities with Japan despite the two countries complementing one another from an economic standpoint.
There is still huge room for a partnership in industrial and added-value product supply chains.
She added that Indonesian government also needs to use the Indonesia-Japan Economic Partnership Agreement (IJEPA) to develop industries other than automotive, including machinery and chemicals.
Indonesia’s exports to Japan and Japanese investment per capita in the country still fall behind Thailand, Vietnam and Malaysia, which have an economic partnership agreement with Japan./.
