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PLN Gradually Recovers Electricity Supply

PLN Gradually Recovers Electricity Supply (0)

State-owned electricity firm PT PLN has recovered electric power to Balaraja Extra High Voltage substation in Banten Province, and furthermore it will be channeled to Suralaya steam-fueled power plant (PLTU) to gradually recover its operation to reach its capacity of 2800 MW of electricity.

In addition, power supply from Gandul Extra High Voltage substations in Depok, West Java Province, will be channeled to Muara Karang gas and steam power plant (PLTGU) to supply electricity to the Indonesian capital city, Jakarta.

Acting President Director of PLN Sripeni Inten Cahyani said here on Sunday that the power supply to Jakarta was expected to recover within three hours.

"We apologize for the inconvenience today, and currently all efforts have been made to recover the Java-Bali power system, especially in the area of West Java, Banten, and Jakarta," Cahyani said.

The company has focused on power supply to PLTGU Muara Karang and PLTGU Priok to recover the system in the capital city.

Previously, PLN has recovered the operation of hydro-generated power plant (PLTA) Saguling and PLTA Cirata which are functioned as power stabilizer, and, at the same time, supply the electricity to PLTU Suralaya through Cibinong, Depok, Gandul, Lengkok, Balaraja and Suralaya extra high voltage substations.

PLTU Suralaya is expected to return to its normal operation within six hours to normalize power system in West Java and Banten.

Blackout that affected thousands of homes and public facilities in West Java, Jakarta, and Banten was caused by several troubles in the extra high voltage 500 kV transmission of Ungaran - Pemalang.

"PLN has taken its best efforts and will have evaluation to prevent recurrence of today's incident," Cahyani said.

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01
June

The Ambassadors of UN member countries appreciated the Indonesian Presidency at the UN Security Council in May and expressed their appreciation for Indonesia's efforts to lead various DK sessions, including facilitating the achievement of a number of agreements among all DK members so that consensus was reached.

"The Indonesian presidency went smoothly with very good programs, and we appreciated the leadership of Indonesia as the President of the UN Security Council who was firm and authoritative this month," said the Permanent Representative of Russia to the United Nations in New York, Ambassador Vassily Nebenzia. The same thing was stated by other Permanent Representatives.

Appreciation also came from media circles at the United Nations and civil society organizations, who viewed the Indonesian Presidency as being very open, professional, productive and objective.

Since May 1, 2019, the UNSC Presidency has produced various UNSC documents / products, namely 4 resolutions, 1 Presidential Statement, 3 Press Statements and 3 Elements for the Press. Under the Indonesian Presidency two open sessions were held on the UN Mission of Peacekeeping and the Protection of Civilians; 15 open briefings; 14 closed consultations; and 3 meetings in the Arria format. There are a total of 45 activities within the 22 working days of the United Nations.

The theme of the Indonesian Presidency "Sowing the seeds of peace" is always echoed in various statements of Indonesia's position on the DK. Indonesia's strong commitment is very visible with the presence of the Indonesian Minister of Foreign Affairs, Retno Marsudi in a number of UN Security Council meetings this month, particularly related to Palestine.

"In addition to various formal meetings of the UNSC, Indonesia also held a number of meetings with the Secretary General of the United Nations, NGOs, the European Union, including initiating the Sofa Talk meeting at the PTRI in New York, where all UN Security Council members could discuss informally sensitive issues," the Indonesian Permanent Representative for the United Nations affirmed in New York, Ambassador Dian Triansyah Djani.

Ambassador Djani added, "Indonesia greatly appreciates the appreciation and support of various parties during this month of the Presidency. In addition to fighting for our national interests, we also use the role of this Presidency to bridge the differences in the position of members of the Security Council to achieve world peace and security. "

The Indonesian Presidency is also used to promote the richness of Indonesian culture, through batik diplomacy and culinary diplomacy (Gastro diplomacy).

All UN ambassadors supported the Indonesian batik diplomacy, and compactly used batik in various UNSC meetings, including at the final reception of the Indonesian Presidency on 30 May 2019, at the UN Headquarters in New York.

"Indonesian batik brings color to the UN Security Council and we are happy to use batik," the UN Security Council Ambassador said.

The presidency's final reception was marked by a combination of traditional and modern cultural performances with the appearance of the Saman dance from Saman Kecapi Leuser Gayo and Indonesian student bands from Berklee School of Music in Boston. Indonesian popular songs accompany poco-poco dance and line dance, and invite all invitations to participate, led by Ms. Yanti Djani and Dharwa Women Association of the Indonesian Republic of Indonesia. (Source: Permanent Representative of the Republic of Indonesia New York)

01
June

Attended by more than 50 state representatives and representatives of industry, international NGOs and international indigenous organizations, Indonesia successfully led international meetings to encourage immediate achievement of intellectual property protection of genetic resources, traditional knowledge, and traditional cultural expression (SDGPTEBT). The meeting was opened by the Permanent Representative of Indonesia for the UN, WTO, and other international organizations in Geneva, Ambassador Hasan Kleib.

"Congratulations to Indonesia, which has successfully held activities that are very beneficial for all stakeholders related to negotiating the protection of SDGPTEBT in the World Intellectual Property Organization (WIPO). The holding of this conference further strengthened Indonesia's leadership in relation to the issue of SDGPTEBT protection which has been proven since 2008 when Indonesia took the role of coordinator of the 58-member Like Minded Group of Countries (LMCs) from Asia, Africa and Latin America ", as stated by the Nigerian delegation representing all Conference participants.

The main objective of the holding of this International Conference is to encourage the ratification of the international agreement for the protection of the SDGPTEBT and to ensure the continuation of the negotiating mandate for ratifying the agreement.

"As a country that is rich in genetic resources (megabiodiverse country) and traditional culture and knowledge, the protection of SDGPTEBT is part of a national priority that needs to be fought for," said Ambassador Hasan Kleib in his opening speech at the international conference.

Indonesia is one of 17 megadverse countries in the world, which has a diversity of flora (more than 20 thousand) and fauna (more than 350 thousand) as well as cultural knowledge and expressions (more than 7 thousand). The value of the global trade in SDGPTEBT annually reaches more than 800 billion US dollars and has the potential to contribute to national economic income. Without the recognition of international intellectual property protection for SDGPTEBT, genetic resource assets and Indonesian culture have the potential to continue to be abused and utilized by foreigners.

The international conference on intellectual property protection for the SDGPTEBT was held in Montreux, Switzerland. Indonesia is one of the key countries negotiating international agreements related to SDGPTEBT at WIPO. Since 2012, Indonesia has served as Deputy Chair of negotiations on SDGPTEBT protection and since 2008, Indonesia has been the coordinator of the Like Minded Group of Countries during the SDGPTEBT negotiations. (Source: Permanent Representative of the Republic of Indonesia Geneva)

31
May

Minister of Industry Airlangga Hartarto said Indonesia had held a general election (Election) in 2019 which was successful and smooth. The conducive situation also indicates that the wheels of the economy in Indonesia are still running normally and the social conditions of the people remain optimistic towards the nation's future towards an increasingly good direction.

"We have just completed the largest and most complex election in the world. All Indonesian people are knitting unity to build a nation together, "Minister of Industry said as a speaker at the Nikkei Forum in Tokyo, Japan, Thursday (30/5) local time.

The presence of Airlangga Hartarto represented the Government of Indonesia, which was originally scheduled to be Vice President Jusuf Kalla, but was unable to attend. The international meeting was attended by a number of political, economic and academic leaders from the Asian region with the theme of the 25th International Conference on Future of Asia. Airlangga said, support for President Joko Widodo (Jokowi) from political parties in parliament was more than 60 percent. In fact, it will be even stronger because it will get additional support. "It seems that there will be an additional 20 percent from other parliamentarians. They have also prepared to support Mr Jokowi's government going forward, "he said.

According to Airlangga, the great support for President Jokowi shows that Indonesia's public trust in the government is still very large. This also reflects that Indonesia is on the right track to achieve its development goals. "As we have seen, the results of this year's Election of President Jokowi won with a considerable margin, almost 12 percent," he said.

With these results, Airlangga assured participants at the Nikkei Forum that the second period of President Jokowi's administration would seek more policy reform. Moreover, his government will also get great support from the regional government and the Regional People's Representative Council (DPRD).

"Politics in Indonesia do seem complex, but with this victory, the government will soon take the effort to implement pro-investment and pro-business policies," he explained.

The Minister of Industry also said, for the implementation of the pro-investment policy, the Government of Indonesia has sought a lot of fiscal incentives for investors. For example, what will soon be launched is super deductible tax, which is a fiscal incentive for companies that actively conduct research and development activities to generate innovation and be involved in vocational education programs.

"For that, come to Indonesia, because we also have a very large market. The potential for business and huge profits is very attractive for foreign investors who invest their capital in Indonesia," he added.

Second period focus

Airlangga added, in the second period of President Jokowi's administration he would focus more on the development of Human Resources (HR), especially in the industrial sector, after the first period focused on infrastructure development.

"Because we got a demographic bonus. Excellence with the large population of young people in the workforce, which consists of millennials and generation Z who are ready to lead in the digital economy era, "he said.

With this bonus demography, Indonesia has great aspirations to become one of the 10 countries that have the strongest economy in the world in 2030. In fact, in 2045 or to coincide with the 100th anniversary of Indonesian Independence, it is projected that its economic strength will be ranked 4th .

"To meet the demographic bonus and create competent human resources in the industrial sector, the Ministry of Industry (Ministry of Industry) has conducted several strategic programs, including link and match vocational education, 3in1 training, and polytechnic development in industrial areas," he explained.

Through the program, the prepared HR can directly work in various industrial sectors, so that the workforce is created in accordance with the needs of today's industry. This is in accordance with the implementation of the priority programs contained in the map of Making Indonesia 4.0. With stable political and security conditions and the development of competent human resources, Airlangga is optimistic that Indonesia's economy will be far better in the future, especially under President Jokowi's leadership, which will also have a positive impact on investors from various countries.

During his working visit to Japan, the Minister of Industry has conducted several important meetings with various large-scale companies from Sakura Country, including Sojitz Corporation, Nippon Steel, Fujitrans, SMBC, Toyota and others. (kemenperin)

31
May

The Indonesian Foreign Minister, Retno Marsudi, attended the Foreign Minister's Level Meeting of the Organization of Islamic Cooperation (OIC), Jeddah, May 29 2019. The OIC State Ministerial Meeting was primarily intended to prepare two document outcomes for the OIC Summit, namely draft Final Communique and resolution regarding Palestine and Al-Quds Ash-Sharif. The 14th OIC Summit itself will be held in Mecca on May 31, 2019.
 
Since the beginning of this series of OKI meetings at the level of Senior Officials, Indonesia has actively contributed to negotiations on the preparation of the final document of the Summit.
 
In the preparatory meeting of the summit, the Indonesian Foreign Minister specifically conveyed the importance of the OIC State to be solid in giving support to the Palestinians. "The OIC must unite and the OIC's steps must be solid and coordinated in supporting Palestine," Retno added.
 
In particular, the Indonesian Foreign Minister stressed that the peace plan to end the Israeli-Palestinian conflict must pay attention to three criteria, namely inclusiveness (involving the conflicting parties): comprehensive (not sacrificing Palestinian political rights); and respect the parameters that have been internationally accepted.
 
In addition, the Indonesian Foreign Minister also expressed Indonesia's readiness to become the host of the OIC Summit, when the Asian region's turn arrived.
 
Since the meeting is conducted not in Ramadan, the meeting of the Ministers of Foreign Affairs starts at 23.00 (after tarawih) and closes before the dawn. Ministry of Foreign Affairs of the Republic of Indonesia

31
May

 

President Joko Widodo (Jokowi) is grateful that for the 3 (three) consecutive years since 2016 the central government has received a Fair Without Exception (WTP) opinion from the Supreme Audit Agency (BPK) including for this 2018 Central Government Financial Report (LKPP) audit report .

"This means that the government's responsibility for the implementation of the 2018 State Budget in financial statements has been materially presented by government accounting standards," said President Jokowi in the Submission of 2018 Audit Report on LKPP and 2018 Summary of Semester II Results of Audit, at Istana Negara, Jakarta On Wednesday (29/5).

From the results of LKPP's audit, the President analyzed that there was an increase in the number of audit entities that received WTP. "In 2016 (there are) 74, in 2017 (there are) 80, in 2018 (there are) 82, meaning this has reached 95% of the number of K / L that exist. And there is a decline in audit entities that get Fair With Exception (WDP) from 8 in 2016 to 6 in 2017 and 4 in 2018, "said the Head of State.

Four Ministries / Institutions that obtain WDP, according to the Head of State, General Election Commission (KPU), Ministry of Youth and Sports (Kemenpora), Ministry of Public Works and Public Housing (PUPR), and the Corruption Eradication Commission (KPK).

"Those who get the TMP (Not Giving Opinion), this means the disclaimer, sir. Decreasing from 6 in 2016 to 2 in 2017 and only 1 in 2018, namely the Maritime Security Agency. That was the body that was nervous, the Marine Security Agency, "he added.

On that occasion, the President reminded K / L of obtaining a WDP or TMP to be careful and to be considered properly so that next year no one else would obtain the assessment. "I asked for immediate coordination and a breakthrough to resolve some of the findings from the BPK as stated by the Chairperson of prepaid spending, goods expenditure, capital expenditure, fixed assets, construction in progress and intangible assets," the President said, adding that Next year's report is better and gets WTP.

The Head of State is not tired of reminding everyone to really fix, maintain and maximize public financial management. "This is our constitutional responsibility to the state and our moral responsibility to the people that whose name is state money, public money must be used entirely for the benefit of the people," he added.

At the end of the speech, the President expressed his gratitude and appreciation for the hard work of all the ranks of the BPK so that the report on the results of the LKPP audit in 2018 and the Summary of audit of the Second Semester of 2018 could be well received. "Some of the recommendations submitted by the BPK to the government for the improvement, management and accountability of the State Budget next year will be immediately followed by the government," concluded the President.

Also attending the event included Coordinating Minister for Economic Affairs Darmin Nasution, Coordinating Minister for PMK Puan Maharani, Secretary of State Pramono Anung, Minister of State Secretary Pratikno, Minister of Finance Sri Mulyani, Minister of BUMN Rini Soemarno, Minister of Social Affairs Agus Gumiwang Kartasasmita, Minister of National Development Planning / Head of National Development Planning Agency Bambang Brodjonegoro, Menristekdikti M Nasir, and heads of other government agencies. (kemensetkab)

28
May

The long-awaited direct flight between Indonesia and Cambodia will finally be realized this year. Citilink Indonesia, a subsidiary of Garuda Indonesia, will launch its inaugural flight for the Jakarta - Phnom Penh route in June 2019 three times a week, 'said the Indonesian Ambassador to the Kingdom of Cambodia, Sudirman Haseng at the opening of the Press Conference on the Preparation of the Opening of Direct Jakarta Flights - Phnom Penh last weekend at the Cambodian Ministry of Tourism in Phnom Penh.

The Press Conference organized by the Ministry of Tourism was attended by around 45 people consisting of the Minister of Tourism and its staff, tourism and hospitality associations Cambodia, and local media. In the question and answer session, all seemed to rejoice and appreciate the launch of the Indonesia-Cambodia direct flight which is believed to bring the people and the private sector closer together. The leaders of the tourism association also expect cooperation between Citilink and travel / tour operator agents.

"Direct flights Indonesia-Cambodia  are now no longer a dream, but a reality, I thank the Government of Indonesia, the Indonesian Ministry of Tourism, the Indonesian Embassy in Phnom Penh, Citilink Airline and various other parties for their good support and cooperation in realizing our shared dreams," said Dr. Thong Khon, Cambodian Minister of Tourism at the Press Conference.

Direct flights between Indonesia and Cambodia have gone through various discussions since the inception of this idea. Many Indonesian airlines have studied Cambodia's market share and reports show that market factors are still the main obstacle to realizing these direct flights. "The two Governments agree that direct flights are very important to expand bilateral cooperation relations in various sectors such as trade, tourism and investment and increase people-to-people contacts," the Indonesian Ambassador added.

Meanwhile, Vice President of Corporate Strategy, Heriyanto as a representative of Citilink Indonesia's management said that Jakarta-Phnom Penh direct flights are expected to begin in June 2019 from Soekarno Hatta Airport Low Cost Carier Terminal with 180-seat Airbus A320. The Jakarta-Phnom Penh route is the third new international route this year after Surabaya-Kuala Lumpur and Jakarta-Kuala Lumpur. Citilink also has commercial flights to Penang, Dili and Timor Leste. Heriyanto stated that Citilink is an LCC premium that serves free meals and wifi during flights.

The Indonesian Embassy in Phnom Penh continues to work to convince airlines from Indonesia to open direct flights to Cambodia. Ambassador Sudirman Haseng believes that direct flights will be one of the important stepping stones in improving bilateral relations between Indonesia and Cambodia. In addition, 2019 is a commemoration of the 60th anniversary of diplomatic relations, so that Citilink's first flight to Phnom Penh on May 29 is not only a great achievement but also a valuable gift for the anniversary of diplomatic relations between Indonesia and Cambodia .

Seeing the increase in the number of trips from Cambodia to foreign countries which reached around 2 million tourists last year and the development of the tourism sector in Cambodia which is very good, direct flights are very attractive and will increase the number of tourist visits of the two countries. In 2018, more than 8,000 Cambodians visited Indonesia and more than 55,000 Indonesians visited Cambodia. This flight is also a breakthrough to provide a fast and easy route for more than 3500 Indonesian residents living in Cambodia. With the above considerations, without a doubt the two countries need to work together to improve their tourism destinations and expand cooperation in the interests of both countries.

In the end, the long wait is over and let's hope that this direct flight is the beginning of a new dream in expanding the horizons and relations between the two countries. (Indonesian Embassy in Phnom Penh)

28
May

The Bangladeshi Prime Minister Sheikh Hasina inaugurated the launch of the new Panchagarh Express train to serve Bangladesh's longest railway line that connects the Dhaka Capital with the city of Panchagarh on the northwestern tip last weekend. The Panchagarh Express uses a modern railroad car made by PT INKA Indonesia.

"The train made by PT INKA Indonesia has helped Bangladesh to improve intercity connectivity in Bangladesh," said Indonesian Ambassador Rina Soemarno who was present at the inauguration ceremony of Panchagarh Express in PM Sheikh Hasina's "Gonobhaban" official residence in Dhaka.

In the period of the past month, there have been 2 initial launches of intercity train lines using trains made by PT INKA. Previously on April 25, 2019, the launch of the Bonolota Express train has been serving the nonstop Rajshahi-Dhaka line.

PT INKA's railroad cars which were inaugurated by Bangladeshi PM through videoconferencing are part of the 250 passenger train cars ordered by Bangladesh and will be sent in full in 2019. The 250 passenger trains will join the other 200 cars made by PT INKA which have been sent to Bangladesh in 2006 and 2016.

"Bangladesh needs more modern passenger trains to increase intercity and provincial connectivity across the country. At the same time, the railway network in Bangladesh will be increasingly expanded and modernized to support poverty alleviation programs and improve people's lives, "PM Sheikh Hasina said in the inauguration speech at the Panchagarh Express.

On this occasion the Ambassador Rina Soemarno also stressed, "Indonesia is ready to continue to support the development and modernization of the Bangladesh railroad system. Indonesia is also committed to be a trusted partner of Bangladesh in development and achieving prosperity ".

The Panchagarh Express will serve the longest railway line in Bangladesh,  593 km, which is traveled for around 7 hours. The presence of Panchagarh Express will make it easier for Bangladeshi people to transport, do business and undergo intercity activities. The longest railway line in Bangladesh will depart daily from Panchagarh train station and transit at 4 stations before reaching Dhaka. ( Indonesian Embassy in Dhaka)

28
May

The Indonesian government and Inpex Corporation have reached an agreement in the development of the giant gas field in the Masela Block in the Arafuru Sea, Maluku. The investment value of the Masela Block development will reach around 20 billion US dollars.

"Both parties succeeded in achieving a win-win solution with a revenue-sharing scheme, where the government received at least 50 percent," Energy and Mineral Resources (ESDM) Minister Ignasius Jonan said after meeting with CEO of Inpex Corporation Takayuki Ueda in Tokyo, Japan, Monday ( 27/5).

The historic final agreement was marked by the signing of the Minute of Meeting by Head of SKK Migas Dwi Soetjipto and CEO of Inpex Corporation Takayuki Ueda, witnessed by ESDM Minister Ignasius Jonan.

"Finally INPEX and SKK Migas agreed on the main points of the development of the Masela block this afternoon in Tokyo. The discussion has been going on for 18 years. The investment value is between 18-20 billion US dollars with fair distribution for the Republic of Indonesia and contractors. I was touched, "said Jonan.

The signing of the agreement between the Government of Indonesia and Inpex Corporation, according to the Minister of Energy and Mineral Resources, is planned to be held at the G20 countries meeting in Japan in the near future.

Thus the discussion of the Masela Block which has lasted more than 20 years has found an end point, which will have a positive impact on improving the national investment climate and the development of the eastern region of Indonesia.

This meeting is a follow-up meeting of Jonan's meeting with Ueda on May 16 in Tokyo. At a meeting on May 16, the Masela Block's Final Plan of Development (PoD) framework was agreed upon in the Arafuru Sea, Maluku. While at today's meeting discussed the detailed negotiations of the framework, so that an agreement between the Indonesian government and the Japanese Inpex Corporation could be signed immediately.

In this meeting, Jonan was accompanied by the Indonesian Ambassador to Japan Arifin Tasrif, Head of SKK Migas Dwi Soetjipto, Deputy Head of SKK Migas Sukandar, and SKK Migas Planning Deputy Jafee Suardin. (kemenesdm)

27
May

The Ministry of Industry  continues to encourage the development of technology in the industrial sector, one of its efforts is by establishing the Digital Capability Center (DCC). This digital capability center will be built as part of implementing the road map of Making Indonesia 4.0 to increase productivity and competitiveness of the manufacturing sector in the industrial era 4.0.

"The plan is being conceptualized, and in the next two years we will have DCC in collaboration with multinational management consulting firm McKinsey. This facility needs to be built along with efforts to develop the industry towards technology 4.0, because domestic devices, networks, and applications (DNA) need to be built, "said Minister of Industry Airlangga Hartarto in Jakarta on Friday (24/5).

Airlangga said that the construction of DCC would also collaborate with a technology research and development institution in Taiwan called the Industrial Technology Research Institute (ITRI). "The model might be similar to the DCC that already exists in Singapore. Further cooperation between ITRI and the Ministry of Industry, we continue to follow up, "he said.

According to Airlangga, the DCC development is expected to be utilized by industry players who have not implemented digitalization, especially the small and medium industries (IKM). Towards the industrial era 4.0, the Ministry of Industry has appointed a lighthouse industry for five leading sectors set out in Making Indonesia 4.0.

"Five major sectors prioritizing industrial development 4.0 are using sector-based approaches. In this sector, smart factory will be implemented with the implementation of internet of things (IoT), big data, digital printing and other tools that are part of 4.0 industry, "he explained.

Several companies that have become models in the implementation of industry 4.0, namely (1) PT. Indolakto for the food and beverage industry sector, (2) PT. Pupuk Kaltim for the chemical industry sector, (3) PT. Pan Brothers, Tbk for the textile and clothing industry, (4) PT. Toyota Motor Manufacturing Indonesia for the automotive industry sector, and (5) PT. Hartono Istana Teknologi for the electronics industry sector.

These companies are recipients of the INDI 4.0 award initiated by the Ministry of Industry. "Indonesia Industry 4.0 Readiness Index (INDI 4.0) is a benchmark index for industry and government in measuring the level of industry readiness to transform towards industry 4.0 in Indonesia," explained the Minister of Industry.

The Ministry of Industry believes, the application of the digital economy will be able to create new opportunities. Based on the results of research by McKinsey and PricewaterhouseCoopers (PwC), digital economics was able to increase the added value of the national Gross Domestic Product (GDP) by USD150 billion in 2025.

In fact, in 2025, Indonesia will also need as many as 17 million new technology-literate workers. So, they need new skills, including talents that are different from what they have now. In the manufacturing sector, it is estimated that there will be an increase of 4.5 million workers, while another 12.5 million are for the industry support services sector.

"Reskilling, retraining, vocational and polytechnic programs are the government's priorities," he explained. For this reason, preparing quality Human Resources (HR) is a priority program of President Joko Widodo for the second period.


Aim for investment


In addition to collaborating with Taiwanese technology institutions, the Ministry of Industry also aims at the emergence of new industrial investments from the country nicknamed the Little Dragon of Asia. According to the Minister of Industry, the Indonesian government is concentrating on providing tax holidays and other facilities needed by investors. Especially sectors that can open up many jobs, become import substitutions, and increase exports.

"Needs in these sectors are a consideration of the government to open up investment opportunities. With this, investors can benefit from doing business, not only to meet the export market, but also to supply a broad domestic market, "he explained.

Since last year, Taiwan is exploring opportunities for cooperation with Indonesia, especially in the manufacturing sector to strengthen the economy of the two countries. Potentially collaborated sectors include shipping, metal processing, ICT & Smart City industries and food technology.

Meanwhile, in 2017, the total trade between the two countries reached USD7.4 billion and Taiwan was ranked 11th as Indonesia's global trade and import partner. Meanwhile, the amount of Indonesia's direct investment in Taiwan amounted to USD32.2 billion. Meanwhile, Taiwan's direct investment in Indonesia, around USD397 million, makes Taiwan the 14th largest investor in Indonesia. (kemeperin)

27
May

The Swiss Federal Council has issued official documents related to the agreement comprehensive economic partnership between Indonesia and EFTA countries (IE-CEPA) and submitted to the Swiss Parliament on Wednesday (5/22) local time, for approval. 

The Indonesian Minister of Trade Enggartiasto Lukita said that this step was taken by Switzerland is the result of follow-up bilateral meetings with the Minister of Economy, Education and Swiss research Guy Parmelin on May 9, 2019 then in Bern, Switzerland.


"This is good news from Switzerland and shows the seriousness of the completion of the process ratification of the IE-CEPA, while signifying that the EFTA countries (Switzerland, Norway, Iceland, and Liechtenstein) became the first group of European countries to have an agreement "free trade with Indonesia," said Minister of Trade Enggar. Indonesia and EFTA countries signed IE-CEPA on December 16, 2018 in Jakarta.

The Minister of Trade explained, this agreement would increase market access and legal certainty in the field of trade in goods and services for Indonesia and EFTA. In addition, the agreement also includes various provisions regarding investment, protection of intellectual property, elimination of non-tariff barriers, including sanitation and phytosanitary provisions, competition, facilitation sustainable trade, trade and development, and economic cooperation.


In 2018 Indonesia is included in the 40 main trading partners with Switzerland. "As is This IE-CEPA, in the future, Indonesia and Switzerland are expected to increase trade bilateral mutually beneficial. We also hope that Switzerland can increase its investment in Indonesia, "said the Trade Minister.


In addition, the Trade Minister continued, the government was committed to socializing the benefits of IE-CEPA to the public, including business people and associations in various sectors to be able to use it this agreement is for broad economic interests. (kemendag)

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