VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

Indonesia and Japan agreed to increase cooperation in innovation and sustainable economy through the Public Private Track 1.5: Japan Indonesia Co-Creation Partnership for Innovative and Sustainable Economic Society. The cooperation was agreed by Coordinating Minister for Economy, Airlangga Hartarto when receiving the visit of Japanese Minister for Economy Trade and Industry, Koichi Hagiuda in Jakarta on Tuesday (11/01). Minister Airlangga in his official statement said that Indonesia is always ready to cooperate with the Japanese government to optimize the two countries' great cooperation potential.

Through the Public Private Track 1.5: Japan Indonesia Co-Creation Partnership for Innovative and Sustainable Economic Society, the two countries will increase cooperation in the regional and global supply chain, infrastructure development, digital economy, human resources development, and sustainable industry which are Indonesia's development priorities. The bilateral forum is also expected to be a platform to promote micro small and medium enterprises and digital economy.

Besides, another very important sector for Indonesia is the digital economy. Indonesian e-commerce value is projected to keep increasing up to US$32 billion in 2025, with 54 percent year on year growth rate.

The meeting also discussed cooperation potential in Indonesian G20 Presidency in 2022 themed "Recover Together, Recover Stronger." Therefore, Minister Airlangga invited the Japanese government to cooperate and support Indonesia's initiative to promote the agendas in Indonesian G20 Presidency.

Then, the meeting discussed the two countries' trade access as well as cooperation increase in the region, mainly in ASEAN forum and Indo-Pacific countries. Total trade between Indonesia and Japan from January until November 2021 was US$28.5 billion or 31 percent higher than the same period in 2020 with US$21.7 billion From investment, from January until September 2021, Japan's investment to Indonesia was US$1.7 billion in more than six thousand projects, which was the 4th biggest among other Indonesian investors.