Wed, 16 Jul 2008
Tokyo (ANTARA News) - Investors affiliated to the Japan-Indonesia Business Association of Kansai (JIBAK) said the present electricity crisis in Indonesia was only temporary and the Indonesian government was coping with it immediately.

"We see it as a temporary problem which will be resolved by the Indonesian government quickly. After all, we also see concrete efforts being made by the Indonesian government to overcome it," the chairman of JIBAK , Hajime Konshita, said here on Wednesday.

Konshita made the remark in response to complaints lodged by Japanese investors in Japan about the electricity crisis in Indonesia.

They also complained about damage to their industrial machines and losses they had suffered reaching billions of rupiah.

The JIBAKA chairman also discounted predictions that the trade and investment promotions now being conducted by the Indonesian embassy in Tokyo would not be effective as a consequence of the electricity crisis in Indonesia.

He said there was no reason to worry about the effectiveness of the promotions as Indonesia and Japan had agreed to continue implementing their Economic Partnership Agreement (EPA).

"The trade promotions should continue because Japanese businesspeople want to know about the latest developments in Indonesia`s economic reforms ," Konshita said.

In the meantime, the Indonesian trade attache in Tokyo, Tulus Budhianto, said the Indonesia-Japan Economic Partnership Agreement should be judged in the long-term perspective, pointing out the accord became effective only last July 1, 2008.

Japan-Indonesia two-way trade in 2007 totaled US35.5 billion from both the oil and non oil sectors.

The oil and gas sector contributed US$10.6 billion and non oil and gas sector US$24.9 billion.

Up to April this year, two-way trade accounted for US$14.5 billion. The oil and gas sector contributed US$5.3 billion while the non-oil/non-gas sector contributed US$9.2 billion. (*)



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