Airlangga Discusses Cooperation In Blue Economy Development With China

Coordinating Minister for the Economy Airlangga Hartarto (Photo: dock. Antara)

Coordinating Minister for Economic Affairs Airlangga Hartarto met with the Ambassador of the People's Republic of China (RRT) to the Republic of Indonesia Wang Lutong in an effort to increase economic cooperation between Indonesia and China including plans to visit the President of the Republic of Indonesia to the RRT, and cooperation in the blue economy sector or Blue Economy.

During the meeting, Airlangga conveyed the cooperation between the two countries in industrial development through the twin parks two countries program. This program is a form of collaboration in industrial development in Industrial Park.

"Cooperation in this program can be directed at the development of high-tech industries such as electric vehicles (EV) and semiconductors in industrial areas that are Special Economic Zones, including the Patimban SEZ and Subang SEZ, where RRT investors such as BYD have expressed interest in investing," he said in his statement, Wednesday, November 6.

Airlangga said that China is an important economic partner for Indonesia which can be seen from the amount of investment and trade between the two countries. Where from early January to September 2024, China became the third largest investor for Indonesia and has become the largest trading partner for the past decade in terms of total trade, export and import value.

In addition, Airlangga welcomed the proposal for cooperation from the Ministry of Trade of China regarding the blue economy sector.

According to Airlangga, this collaboration is expected to encourage and strengthen economic cooperation in the private sector of the Republic of Indonesia-RRT in sectors related to industry, downstreaming of marine products, energy, tourism, and biomedicals.

On the same occasion, Wang Lutong expressed his support for accelerating the process of discussing the cooperation in the blue economy sector between the RI-RRT.

"It is hoped that this cooperation can be one of the results of the visit by the President of the Republic of Indonesia to China which will be held next week," he said.