Minister, Chinese Industry Federation Discuss Economy Cooperation
- ANTARA/Rangga Pandu Asmara Jingga
Jakarta – The Coordinating Minister for Economic Affairs Airlangga Hartarto welcomed the visit of the All-China Federation of Industry and Commerce Gao Yunlong to discuss economy cooperation.
This meeting was held at the Coordinating Ministry for Economic Affairs office, in Jakarta. During the discussion on business climate and ease of doing business, Minister Hartarto drew attention to several policies focuses undertaken by the Indonesian government to expedite economic and bureaucratic transformation.
"The first policy focus is business regulation and procedure improvement through the Job Creation Law. This law provides legal certainty and convenience related to business licensing requirements and licensing process," Minister Hartarto stated in an official statement on Thursday.
Airlangga Hartarto.
- Anisa Aulia/VIVA.
The Indonesian government also continues the economic transformation program through the natural resources downstream policy, energy transition, human resources development through the Pre-Employment Card Program, and development of infrastructure, including the Nusantara Capital City (IKN).
The Chinese companies have frequently encouraged Indonesia's economic transformation, including in the mineral downstream program, especially for nickel, in which several Chinese companies have invested.
Minister Hartarto then encouraged greater involvement of Chinese companies in other economic transformation sectors, especially in energy transition programs, including the development of electric vehicles.
Other energy transition programs that Chinese companies can participate in comprise the gradual retirement of electric steam power plants and the acceleration of the development of renewable power plants, such as solar, wind, and hydropower plants.
According to him, Indonesia is interested in efforts made by China which is also developing hydrogen vehicles.
He also sought the country's support, so that Chinese entrepreneurs can invest in Indonesia, including in the Gresik Special Economic Zone (KEK), East Java.
Gresik KEK provides fiscal and non-fiscal facilities, such as tax holidays up to 20 years, licensing management convenience, customs incentives, ease of immigration, and land use incentives.
As information, several Chinese companies attended the meeting and expressed their interest to invest in Indonesia, including representatives from the Tianjin RockCheck Investment Holding Group, Chint Group, Spring Airlines, Guangdong Evergreen Conglomerate Co. Ltd., and Yili Group.
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