Source Press, Media and Information Bureau of the Presidential Secretariat – Ministry of State Secretariat
On the same occasion, Coordinating Minister for Economic Affairs Airlangga Hartarto said that the Japanese government had expanded the proposed market access for several tropical fruits and products.
Media www.rajawalisiber.com – President Joko Widodo instructed his staff to accelerate investment commitments with the People’s Republic of China (PRC), Japan, and South Korea which had been agreed during his working visit some time ago. This was conveyed by Investment Minister Bahlil Lahadalia after attending a limited meeting chaired by President Jokowi at the Merdeka Palace, Jakarta, on Wednesday, August 24, 2022.
“Mr. President, we reported that in our discussion with several investors from Korea they also wanted to invest in IKN. One of them is LG, and yesterday we facilitated this LG for a meeting with the President in Korea. Earlier, the President asked and gave directives to be able to accelerate,” said Bahlil.
Bahlil also said that the realization of a number of investment commitments with South Korea had already begun, including the development of investment in steel products and the car battery ecosystem.
“One of Korea’s investment commitments amounting to USD6.72 billion or equivalent to more than Rp100 trillion, we need to convey that all of the existing ones are already on going, even some of the groundbreaking began at the end of this year and partly in January,” said Bahlil.
“The second is to deal with in Korea, LG in building a car battery ecosystem, everything is still in the schedule, everything is working, and some of the realization is already underway,” he continued.
Meanwhile, related to cooperation with China, one of which is in the export of crude palm oil (CPO), President Jokowi instructed his staff to accelerate industrial estates in North Kalimantan. Bahlil said, currently the realization has begun in the process of infrastructure development.
“We were directed to accelerate the industrial area in Kaltara. Alhamdulillah, all the permits have been completed, and now the infrastructure development has started,” said Bahlil.
On the same occasion, Coordinating Minister for Economic Affairs Airlangga Hartarto said that the Japanese government had expanded the proposed market access for several tropical fruits and products. In addition, the location for the construction of a fertilizer factory and a methanol plant in West Papua has also been agreed.
“It was conveyed that the Japanese government had received the New ISPO (Indonesian Sustainable Palm Oil) certification, and also expanded the proposed market access for canned tuna products, coffee, marine products, and tropical fruits such as mango, pineapple, and banana. It is hoped that this will be included in the general review of the IGPA (International General Produce Association) where the cost tariff can be improved,” he said.