Japan's 4th Largest Investor In Indonesia, Efforts To Strengthen Re-Relations Will Be Established By Jokowi-PM Kishida Tomorrow

Indonesian Foreign Minister Retno Marsudi inaugurated the new building of the Indonesian Embassy in Tokyo, Friday (15/12/2023). (ANTARA/Juwita Trisna Rahayu)

JAKARTA - President Joko Widodo (Jokowi) and Japanese Prime Minister (PM) Fumio Kishida are scheduled to meet on Saturday 16 December. Their meeting will discuss efforts to strengthen relations between the two countries.

"Tomorrow the President of the Republic of Indonesia and the Prime Minister of Japan will meet again. The two leaders will meet again to discuss efforts that can further strengthen our bilateral relations," said Foreign Minister (Menlu) Retno Marsudi in a speech at the inauguration of the Embassy building of the Republic of Indonesia (KBRI) Tokyo, Friday, December 15, which was confiscated by Antara.

The meeting was part of a series of High-Level Conferences (KTT) for the Association of Southeast Asian Nations (ASEAN) and Japan which was held on 16-17 December 2023.

Earlier, the state minister (Deputy Japanese Foreign Minister) said that during this year, the intensity of Indonesia-Japan relations was very high," he said.

He said Japan was Indonesia's second largest trading partner. Throughout 2022, our trade reached more than 42 billion US dollars or around Rp651.2 trillion.

The country of Sakura is also the fourth largest investor in Indonesia. In 2022, Japan's investment was recorded at 3.56 billion US dollars or around Rp. 55.2 trillion.

ASEAN-Japan has officially agreed to form a comprehensive strategic partnership contained in the Joint-Statusment on the Establishment of the ASEAN-Japan Comprehensive Strategic Partnership in the 26th ASEAN-Japan Summit in Jakarta last year.

There are three documents in the joint statement, namely reports on progress in the implementation of the ASEAN-Japan vision plan; 10-year work plan in cyber connectivity, human resource development (HR), and innovation; as well as the ASEAN-Japan partnership economy vision involving private parties, business communities and academics.

In addition, cooperation in infrastructure development is also encouraged by green infrastructure development, connectivity, energy transition and the digital economy.

Japan has also submitted a funding commitment of 100 million US dollars (Rp1.6 trillion) to support the implementation of the ASEAN View on Indo-Pacific (AOIP) through the Japan-ASEAN Integration Fund (JAIF) 3.0.