VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

Indonesia and Taiwan have agreed to increase their economic cooperation in facing the pressure caused by the Covid-19 pandemic. Both countries have great potential and bright prospects in the future so that cooperation between the two countries must be increased, especially in economic recovery. This was stated by Deputy Representative of the Taipei Economic and Trade Office (TETO) in Indonesia, Peter Lan in a web seminar with the theme "Prospects for Taiwan and Indonesia Economic and Trade Cooperation in the Covid-19 Era and in the Future". The webinar was organized by the Taipei Economic and Trade Office and the Indonesian Chamber of Commerce and Industry (Kadin), Thursday (27/8). According to Peter Lan, the Covid-19 pandemic is a global problem that cannot be solved by one country. Thereby, the international community must cooperate to restore the world economy.

Peter further emphasized that Taiwan's commitment under the New Southbound Policy is to cooperate with Indonesia in fighting the pandemic. In addition, industrial cooperation between the two countries is also opened to restore the economy and help people restore their livelihoods as early as possible. According to Peter Lan, promoting international economic, trade and industrial cooperation is an important part of Taiwan President, Tsai Ing Wen's New Southward Policy.

Meanwhile, Deputy Head of the Investment Coordinating Board (BKPM), Ikmal Lukman said that around 59 Taiwanese companies are possible to move their factories from abroad to Indonesia amid the Covid-19 pandemic. Of the 119 foreign companies that have the potential to relocate to Indonesia, 59 of them are from Taiwan. Of the total 119 companies, the potential investment value that can be gained by Indonesia reaches US$41.39 billion dollars or around Rp608 trillion. If the hundreds of companies move their business to Indonesia, the workforce that has the potential to be absorbed will reach 162,000 people. According to Ikmal, so far, seven foreign companies have decided to move their factories from China to Indonesia during the Covid-19 pandemic. Of the seven companies, two are from Taiwan: Kenda and Meiloon. Currently, Meiloon has started his business in Indonesia, precisely in Subang Regency, West Java.