Congratulations on the Second Anniversary of the Indonesia Jiangsu Chamber of Commerce
rnrnOn July 13, 2024, the second anniversary celebration of the Indonesia Jiangsu Chamber of Commerce was grandly held at Sun City, Jakarta. Over the past two years, the Indonesia Jiangsu Chamber of Commerce has been committed to promoting the development of Jiangsu enterprises in Indonesia, continuously fostering exchanges and cooperation among member companies, and further enhancing economic and trade relations between Jiangsu and Indonesia.rnrnDuring the celebration, Mr. Guo Jiehong, President of the Indonesia Jiangsu Chamber of Commerce, Mr. Zhang Jinxiong, Chairman of the Indonesian Chinese General Chamber of Commerce, and Mr. Li Feng, Chief Representative of the China Council for the Promotion of International Trade (CCPIT) in Indonesia, delivered speeches in turn. President Guo introduced the achievements of the chamber in its second year and the future development plans to the attendees. Li Feng
Indonesia's New Capital Land Use Rights Can Extend Up to 190 Years
Guide for Outbound Investment and Cooperation - Indonesia 2023 Edition
Indonesia's New Capital Receives 421 Letters of Intent for Investment
Indonesia's Pharmaceutical Industry Still Highly Dependent on Imported Raw Materials
Foreign Ministry Responds to Indonesia Imposing High Tariffs on Chinese Goods
A journalist inquired about recent media reports claiming that Indonesia would impose high tariffs on imported Chinese goods. Coordinating Minister Luhut, Indonesia's lead coordinator for cooperation with China, recently clarified publicly, stating that China is Indonesia's most important strategic partner in trade and investment, and the two countries share a common destiny. Amid the current turbulent international situation, Indonesia will never blindly follow trends or take sides. Indonesian Trade Minister Zulkifli also stated in an interview that the Ministry of Trade is conducting trade remedy investigations on seven product categories, including ceramics and textiles, and will decide whether to impose tariffs based on the results. The imposition of safeguard tariffs applies to all countries, not specifically targeting any particular nation.
Leading Chinese State-Owned Enterprise Supports AI Development in Indonesia
On July 5, during the 2024 World Artificial Intelligence Conference (WAIC), China Mobile held an ecological forum themed "AI Empowerment, Creating the Future." At the forum, China Mobile officially signed an agreement with Indonesia's Sinar Mas Group to establish a joint AI laboratory, further deepening cooperation between the two countries in the field of smart technology. China Mobile Vice President Gao Tongqing and Sinar Mas DSS Chairman Krisnan Cahya attended the signing ceremony. The joint laboratory will focus on new models of cross-border enterprise collaborative innovation, new mechanisms for talent cultivation, and new ecosystems for industry-research collaboration, leveraging China Mobile's "Jiutian" large model
Indonesian Minister of Manpower Appreciates Chinese Companies for Complying with Indonesian Regulations
The Minister of Manpower (Menaker) expressed appreciation to Huawei for complying with applicable regulations during its 24 years of business in Indonesia. This was conveyed during her recent meeting with Huawei's Global Government Affairs President in Shenzhen, China. This performance can be seen from one of Huawei's Corporate Social Responsibility (CSR) initiatives, which employs over 90% of local Indonesian workers, all of whom are top graduates from Indonesian universities. Huawei also plays an active role in providing skills and capacity building in accordance with industry standards. Additionally, during a meeting with the President of Huawei's Global Information and Communications Technology (ICT) Human Resources division, she
Indonesia's red chili stock is expected to remain at a low level
The Director of Processing and Marketing of Plantation Products at the Directorate General of Plantations, Ministry of Agriculture (Kementan), revealed that Indonesia's large red chili stock is at a critically low level, and this situation is expected to continue until September 2024. He stated that this month the stock of large red chili in Indonesia is in a critical position because domestic stock is very low until September this year. Meanwhile, small chili stock is still safe, but shortages will also occur from November to December 2024, due to drought in several areas that are chili production centers, leading to crop failure, and some farmers have even cleared their land.
Indonesia's plan to impose a 200% tariff on Chinese imports is still under discussion
The Director General of Fiscal Policy at the Ministry of Finance stated that the government is still discussing imposing higher import tariffs on various products from China. When asked about the discussion of a 200% import tariff on Chinese products, he stated that discussions are still ongoing with the relevant ministries, namely the Ministry of Industry (Kemenperin) and the Ministry of Trade (Kemendag). The discussion on imposing higher import tariffs on Chinese products needs to be considered by all departments, especially the Ministry of Industry, which believes it must be considered from upstream to downstream. Products such as fibers and textiles from China are flooding the Indonesian market, which also has an impact on domestic industries producing similar products.
China and Indonesia Strengthen Cooperation in Human Resources Sector
The Minister of Manpower is exploring opportunities to transfer productive-age human resource capabilities from China. During a working visit to the Shanghai International Training Center (SITC) on Friday, she discussed potential cooperation. Indonesia will collaborate with SITC, with a special focus on competency-based training at all community vocational training centers in Indonesia. She outlined several potential initiatives to be carried out by both parties, namely supporting instructor training at the Central Technical Implementing Agency (UPTP) and the UPTP Vocational and Productivity Training Center (BPVP). Other collaborations will include
Indonesia Completes World's Largest Copper Smelter, Strengthening Mining Industry Leadership
Indonesia has established itself as a global leader in the mining industry by building the world's largest copper smelter, recently inaugurated by PT Freeport Indonesia in Gresik, East Java. The smelter is not only the largest of its kind but also a symbol of Indonesia's serious commitment to optimizing its natural resources. Covering 100 hectares, the smelter can process 1.7 million tons of copper concentrate annually. Featuring the world's largest single-line design, it produces 600,000 tons of cathode copper per year, along with substantial quantities of valuable by-products such as gold, silver, sulfuric acid, and gypsum. This initiative aligns