Jakarta: The Taiwanese government reiterated its commitment to boosting investment and trade cooperation with Indonesia on account of the myriad new-fangled opportunities sprouting up in various Indonesian provinces. Deputy Speaker of the Indonesian Regional Representative Council (DPD) Mahyudin recently held a meeting with Chief of the Taiwan Economic and Trade Organization (TETO) Peter Lan.
"We warmly welcome Taiwan's new strategy called the New Southbound policy launched by Taiwanese supreme leader Tsai Ing-wen," he noted in a written statement released on Tuesday, December 10, 2019.
According to him, economic and trade relations between Indonesia and Taiwan showed an upward trend in the past few years. It was mirrored by Taiwan's direct investment in Indonesia surpassing US$400 million this year.
In the meantime, trade between Indonesia and Taiwan registered a 15.7-percent growth last year. It was viewed as being quite significant.
However, he believed the cooperation needsto be expanded to cover other sectors, including the creative economy, which continues to develop in several parts of Indonesia. Hence, he urged Taiwanese investors and business persons to increase cooperation with their Indonesian counterparts in 34 provinces.
In response, Lan highlighted the Taiwanese government’s keenness to seek inputs from DPD and the Indonesian government on ways to expand trade and economic cooperation. Taking into account Taiwan's New Southbound policy, Indonesia, as the largest country in Southeast Asia, can further intensify cooperation in the fields of investment and trade. (Antara)