Jakarta- Indonesian President Joko Widodo (Jokowi) declared that his country would continue to assist in recovery efforts following the outbreak of COVID-19.
To begin, Indonesian President Susilo Bambang Yudhoyono declared that his country is committed to increasing bilateral economic cooperation, particularly with strategic partners.
As examples of economic cooperation, he referenced Indonesia and Japan. During the President’s bilateral discussions with Japanese Prime Minister Kishida Fumio in Jakarta in April 2022, the two countries agreed to extend economic ties and increase trade and investment beyond pre-pandemic levels.
Indonesia and Japan have agreed to expand market access and reduce trade barriers, notably for Indonesian agricultural and fishery exports.
Second, Indonesia will carry on seeking collaboration within the ASEAN framework. Indonesia will continue to inspire ASEAN countries to work together to have a deeper knowledge of the global value chain and progress up the ladder.
The President emphasised the importance of putting the Regional Comprehensive Economic Partnership (RCEP) into action as soon as possible in order to expand mutually beneficial regional economic integration.
President Trump stated, “RCEP implementation has the potential to boost the regional economy by 10% in the next five years and contribute US$187 billion to the region’s GDP.”
Third, Indonesia intends to make the G20 a catalyst of global economic recovery during its chairmanship in 2022.
The Indonesian Presidency, according to the President, will concentrate on three key areas: global health architecture, energy transition to ensure technology support, investment, energy transition financing, and green development, particularly for developing countries, and digital transformation to strengthen new sources of growth and expand economic opportunities, including for MSMEs.
“I’m hoping for new ideas and answers from conference attendees to help speed global healing and awakening,” he said, adding, “We’re hopeful that 2022 will be a year of recovery.”