Wed, 13 Jan 2010
TEMPO Interactive, Jakarta:The government is targeting that Japan investment value increases 14 percent this year to develop various industrial sectors, especially steel, automotive and shipping.

Last year Japan invested around US$ 21 million or Rp192 trillion.

“For steel and automotive, they want to continue the discussion on an official level,” said Industry Minister Muhammad Sulaiman Hidayat in between an Indonesia-Japan Joint Economic Forum meeting in Jakarta yesterday.

“For the steel sector, even (South) Korea has invested US$ 5 billion (Posco steel factory investment). Japan, which has its minister of economy present, should invest more than that," he said.

Besides that, Japan has been asked to invest in infrastructure and energy, like geothermal power plants. “Indonesia has a great geothermal potential,” he said.

Japan Minister of Economy, Trade and Industry Masayuki Naoshima in the meeting said that Japan entrepreneurs considered infrastucture development important.

Therefore, Japan has asked Indonesia to develop its infrastructure through the Indonesian Economic Development Corridor (IEDC).

“The Japan economic federation will support infrastructure development through the IEDC,” he said.

According to Naoshima, Indonesia has become a leader among ASEAN countries because of its high domestic demand.

This is seen from Indonesia’s trade value to Japan which reached US$ 43 billion or Rp393 trillion in 2008.

Trade Minister Mari Elka Pangestu added that ministers from both sides will decide on the cooperation strategy after the meeting.

The follow up will be carried out by the Joint Investment Forum. “We want a two-way discussion. Right now there are more Japan delegates who have come to Indonesia,” said Mari.

RIEKA RAHADIANA | SORTA TOBING | EKA UTAMI APRILIA



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