Indonesian Chamber of Commerce and industry (KADIN Indonesia) considered that trade and investment cooperation between Indonesia and China still leaves ample scope for the increase of benefits for Indonesia which are unmet. “Indonesia should try to get the benefits of regional as well as bilateral cooperation optimally for the welfare of the people, like China who actually has a long-standing cooperation,” said Chairman of KADIN Indonesia, Suryo Bambang Sulisto, during the Indonesia – China Business Forum, which was opened by President Joko Widodo (JOKOWI) in Beijing, on Monday (November 10, 2014).
He said that the ASEAN regional cooperation also continues to grow both vertically and horizontally. Vertically, in 2015 the ASEAN Economic Community (AEC) will be implemented, and horizontally, cooperation between ASEAN and other countries continues to grow. In addition to china, ASEAN also has the opportunity to cooperate with Japan, Korea, India, the European Union, Australia and the United States.
KADIN Indonesia will take action and orientation of cooperation with other countries, especially with China which is considered quite strategic. “The Chinese government wishes to build the 21st Century Silk Road. We welcome this plan to accelerate the vision of Indonesia as a maritime nation,” said Suryo. In the past, the Silk Road extends from mainland China to the sea in Southeast Asia, including the seas in the Indonesian archipelago.
In the future, his party expects that cooperation between Indonesia and china to be more productive, balance and equal. In line with Suryo, Indonesian President JOKOWI said that the cooperation between the two countries should be mutually beneficial and should pay attention to quality. JOKOWI said that cooperation between Indonesia and China is to speed up development. He planned to build 24 ports spreading across the Indonesian regions. Additionally, other investment opportunity is the construction of power plant because Sumatra, Kalimantan, Sulawesi, and regions still lack electricity.
“To build a power plant, there is still problem in licensing and land acquisition. Formerly, power plant licensing process takes 2, 4, or 6 years. This is a big problem to be solved, so there will be a one-stop service licensing agency for investment, “said JOKOWI.
Until now, there is still a large trade deficit due to high imports of oil, so in the future Indonesia will try to raise oil production lifting. As for mining products, Indonesia will minimally sell semi-finished and finished goods.
Meanwhile, at the event attended by 170 Indonesian entrepreneurs and 150 Chinese entrepreneurs, 12 Memorandum of Understanding (MoU) were signed on cooperation in various sectors such as logistics, transportation, mining, energy, sugar cane industry, and industrial areas.
In the logistics sector, MoU has been signed between PT Zadasa with Shen Zhen Tian He Wei Hang with an investment of USD 5,510 million. Another MoU is between PT Resteel Industry and China Railway Construction, PT Eka Sampoerna Success with Fujian Yinhai Group with an investment of USD 1.3 million, Maspion Group and Shining Resources with a total investment of USD 100 million for the construction of smelter, Global Success Group, Cahaya Sukses International and Fujian Tian Mao with a USD 1.5 million investment, PT Wijaya Infrastructure Indonesia and Golden Mega International Holdings at USD 120 million, PT Integral Mining Nusantara and Jiangsu Wei-Wei at USD 306 million, PT Indonesia Energy Prima and SDIC International Trade at USD 350 million, PT Kayan Hydro Energy and Shanghai Electric Power at USD 17.8 billion, PT Adaro Power and Tiongkok Shenhua Oversea, PT MAESA Optimalah Mineral and Vansun Holding Group. (E)
Business News - November 14, 2014