undercover.co.id – Boosting the Economy, Kadin Strengthens Cooperation with Japanese Entrepreneurs The Indonesian Chamber of Commerce and Industry (Kadin) strengthens cooperation with Japanese businesses. It is one of the most important economic partners for Indonesia since almost 65 years ago.
Data for 2020, the value of Japanese investment in Indonesia, which amounted to US$ 6 billion, is the fourth largest and is predicted to continue to increase.
“Indonesian Chamber of Commerce and Industry wants to strengthen business relations and economic partnership opportunities with the Japanese business community. Indonesia, with the majority of its population of productive age, has the skills and abilities to help meet the labor shortage in Japan in various business sectors,” said Chairman of the Indonesian Chamber of Commerce and Industry Arsjad Rasjid in a statement in Jakarta
Kadin also initiated a business forum for the two countries which is part of the Indonesian B20 Presidency as well as the commitment of the Indonesian business world. This is to support government programs, especially programs related to future economic growth that are more resilient, inclusive, and innovative.
“Indonesia has also carried out policy reforms, one of which is through the Omnibus Law, which makes Indonesia very friendly for investment and we want Japan to be able to collaborate with Indonesia for cooperation opportunities related to digitalization and energy transition,” said Arsjad.
Arsjad added, Kadin and the Japanese Business Federation (KEIDANREN) have a longstanding relationship, especially through the Indonesia-Japan Economic Partnership Agreement (IJEPA) since 2018 which will be renewed at the G20 Summit. Arsjad said he would form a working group to bridge the two countries, particularly in identifying which sectors could be collaborated more deeply.
“Other cooperation will also be strengthened related to the Regional Comprehensive Economic Partnership (RCEP) which is expected to be completed in August 2022. This marks our commitment to the principle of multilateral trade that is open, fair, and beneficial to all parties. More importantly, this provides new hope and optimism for the post-pandemic economic recovery in the ASEAN region,” said Arsjad.
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Arsjad hopes that this meeting with KEIDANREN can encourage investment and economic growth of the two countries, especially related to three strategic sectors, namely digital infrastructure, energy transition and the electric vehicle ecosystem.
“Kadin is ready to facilitate and assist investment in the growing Indonesian market to ensure it becomes a mutually beneficial partnership,” he said.