Indonesia puts great importance of CAEXPO as international event
Source: CAEXPO Wechat Time:2019-08-06 21:57:00
Indonesia will become the country of honor for the upcoming China-ASEAN Expo to be held in September this year. “As the biggest nation in ASEAN countries, Indonesia would maximize the occasion to showcase its various potential opportunities in economy as well as in social and culture. The two countries are also highly complementary and enjoy great potentials for cooperation. ”Remarked by the Consul general of the republic of indonesia. China and Indonesia are both developing countries and major emerging economies. The two countries are shouldering the same historical responsibility of national revitalization, and sharing similar goals, common concepts and complementary strategies. In this regard, China and Indonesia are faced with precious opportunities of coordinating development strategies, comprehensively advancing win-win cooperation and achieving common prosperity.
The Indonesia-China strategic partnership which was signed by the two leaders in 2013 has proven to be effective mean in boosting the bilateral ties. Strong bilateral relation of both countries is an opportunity to deepen economic cooperation for the sake of improving prosperity. In term of investment, as the biggest country in ASEAN, Indonesia offers investment opportunity with various advantages. 250 millions populations with high GDP and around 65 million middle class are some advantages for Chinese investors. While in trade relations China is currently the biggest trading partner of Indonesia in which approximately USD 77,4 billion has been reached in 2018.
“I believe the trade volume will significantly increase this year as China would raise its import from Indonesia especially commodities such as palm oil, tropical fruits as well as other agricultural crops. The number indicates that Chinese people are more attracted and interested in buying various products from Indonesia. ” Remark consul general of the republic of indonesia said.
Indonesia and China enjoy good bilateral relations since decades ago as it is reflected in some categories. For instance our two-way trade volume has steadily increased. In 2018 it reached approximately USD 77,4 billion and it placed China as the biggest trading partner of Indonesia. The trade volume will significantly increase this year as China would raise its import from Indonesia especially commodities such as palm oil, tropical fruits as well as other agricultural crops. An example to this case is trade transaction during the 2018 China-ASEAN Expo which reached to USD 6,21 million significantly increase compare the one 2017 with total number of USD 2,1 million. The number indicates that Chinese people are more attracted and interested in buying various products from Indonesia.
In term of investment, since 2013 China’s investment to Indonesia has been increasing very significant. Data from Indonesia Investment Coordinating Board shows that the amount of China’s investment to Indonesia in 2013 was USD 297 million and placed the country in rank 12 after Hong Kong and Taiwan. In 2015 the amount increased more than double up to USD 628 million. Due to good performance of Indonesia’s economy, the Chinese investor steadily kept investing their fund and by the end of 2017 the amount reached up to USD 3,361 billion. Total Chinese investment in Indonesia from 2013 until November 2018 was USD 9,5 billion.
“Indonesia puts great importance of CAEXPO as one of big international event in China. For this purpose, several meetings with all stake holders have been carried out and the Government of Indonesia agrees to set up a distinctive design to illustrate the of Indonesia cultural diversity. Putting forward the theme of “Remarkable Indonesia”, numerous prominent companies will display several products such as food and beverages, consumer goods, accessories and jewelry, home deco and craft as well as furniture. While in the pavilion of City of Charm Indonesia will exhibit some featured products, investment opportunity, tourism and cultural performance from several provinces. ” Remark consul general of the republic of indonesia said.