These two MoUs are among four previously agreed upon by President Prabowo Subianto and Chinese Premier Li Qiang.
“The signing of these two memoranda follows up on the agreements made by the presidents of Indonesia and China in earlier bilateral meetings and reflects our shared commitment to fostering inclusive and sustainable economic growth,” Hartarto stated at the Presidential Palace here on Monday.
The MoU on Economic Cooperation in Industrial and Supply Chains aims to strengthen partnerships in industrial development and enhance bilateral supply chains, with a focus on strategic sectors such as manufacturing, logistics, high-tech industries, and renewable energy.
Hartarto expressed hope that this cooperation would attract potential investments of around Rp81.5 trillion, or around US$5 billion, which is projected to create about 15 thousand jobs in Indonesia.
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Both countries have agreed to encourage the involvement of various business actors, including small and medium enterprises (SMEs), in economic cooperation related to industry and supply chains.
Additionally, the two parties agreed to advance the development of industrial projects in key sectors, both within the Two Countries Twin Parks areas, such as Batang–Yuanhong.
“This MoU not only demonstrates Indonesia and China’s shared commitment to deepening economic cooperation but also opens up opportunities for high-quality investments, industrial transformation based on added value, and the development of globally competitive integrated industrial zones,” he affirmed.
Both nations have agreed to establish long-term, sustainable, and stable economic and trade cooperation based on the principles of equality and mutual benefit.
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Translator: Bayu Saputra, Kenzu T
Editor: Yuni Arisandy Sinaga
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