Jakarta (ANTARA News) - Chief Economic Minister Boediono said that the government would form a special team to supervise the implementation of the Indonesia-Japan Economic Partnership Agreement.<\/p>\n
\"We will set up a special team which will monitor the implementation phase by phase of the EPA, including emerging opportunities,\" the minister said during a Japan-Indonesia Business Forum on Monday.<\/p>\n
He said that Indonesia actually already had a national team for Exports and Investment Promotions (PEPI). This team will be given additional task to monitor opportunities with regard to the establsihment of the EPA.<\/p>\n
\"The team will coordinate with business owners on what are to be needed with regard to the EPA,\" he added.<\/p>\n
He said that the establishment of EPA was a strategic step as Japan is an exceptional sources of investment.<\/p>\n
Indonesia and Japan Monday concluded an Economic Partnership Agreement (EPA) which is expected to facilitate faster expansion of bilateral cooperation in various areas, and the economic field in particular.<\/p>\n
The agreement was signed by Indonesian President Susilo Bambang Yudhoyono and his Japanese counterpart Prime Minister Shinzo Abe at the State Palace here.<\/p>\n
About 80 Japanese and Indonesian businessmen and a number of ministers from the two countries attended the EPA signing ceremony.<\/p>\n
Under the EPA, it was expected that Indonesian exports to Japan and Japanese exports to Indonesia would in stages be freed from 90 percent duties and excise levies.<\/p>\n
The phased reduction of duties would be carried out over a period of 10 years as of the signing of the EPA, Satoh said.<\/p>\n
It would also enable Indonesian semi-professional workers to enter Japan.<\/p>\n
Japan is Indonesia`s biggest trading partner, while Indonesia is Japan`s biggest LNG supplier. Japan`s investment in Indonesia from 1967 to 2005 reached 293 billion US dollars.<\/p>\n
With the signing of the EPA, Indonesia had set itself the target of luring a flow of Japanese investment totaling US$140 billion to US$160 billion. (*)<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/indonesia-to-set-up-team-to-implement-epa-1187683699", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }