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Oleh Wawan Budiyanto, Senin, 31 Oktober 2016 | 16:02 WIB - Redaktur: Penni Patmawati Rusman - 815
Jakarta, InfoPublik – Indonesian Industry Minister Airlangga Hartanto said Germany would enhance its strategic partnership with Indonesia, especially in the field of industrial investment and vocational education.
"We discussed about comprehensive economic partnership agreement (CEPA) and Bilateral Investment Treaty (BIT)," Industry Minister Airlangga Hartanto said after a meeting with German Ambassador to Indonesia Michael Freiherr von Ungern-Sternberg in Jakarta, Wednesday (5/10).
According to Airlangga Hartanto, Germany expected the BIT or agreement for investment protection to be extended until the entry into force of Indonesia-EU CEPA.
He explained that the BIT between Indonesia and Germany will run out in May 2017. All this time, the implementation of the BIT has been to provide legal certainty for business player who invest in Indonesia.
He said that his office continues to open opportunities for cooperation between the two countries in various industrial sectors. Until now, the flow of German investments in Indonesia's industrial sector are dominated by transport equipment and transportation, metal industry, metal goods, machinery and electronics, basic chemical industry, chemical and pharmaceutical goods, textile industry, food industry, leather industry, leather goods and footwear, rubber industry, rubber products and plastics, as well as non-metallic minerals industry
over the period of 2010-2015, the overall value of German investments in Indonesia reached USD 552 million with 547 projects that provide employment for 38,382 people. Meanwhile, in the first quarter of 2016, the value of German investments in Indonesia was amounted to USD 24.6 million in 29 projects.
As we all know, in recent years German companies are actively investing in Indonesia, including Heidelberg Cement (Indocement), Fresenius, Volkswagen, Airbus, and Rheinmetall. (Translator: Sugiarti)
