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| Monday, 22 January 2018 |
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Minister Expects US$100mn Investment in Fishery from Japan
Wednesday, 11 January, 2017 | 18:56 WIB
Minister Expects US$100mn Investment in Fishery from Japan

TEMPO.CO, Jakarta - Marine Affairs and Fishery Minister Susi Pudjiastuti said the government plans to explore establishing a partnership with Japan in the fishery sector. Japan's Prime Minister Shinzo Abe is visiting Indonesia this weekend.

Speaking at the presidential palace today, January 11, Susi said one form of collaboration she has in mind is to build ports in outer districts, "such as Sabang, Morotai, Muara Baru, and others".

Other types of cooperation, she added, can be in the form of cold storage constructions. 

Susi said she does not have an actual number in mind, but said that—generally—these types of investments are worth somewhere between US$50 million and US$100 million.

She added that the government will seek to partner with Japan's private sectors and not their state-owned enterprises. 

Mr. Abe is scheduled to arrive in Indonesia this Sunday and will bring 30 COEs of Japanese firms. The CEOs are scheduled to meet with President Joko Widodo and Indonesian economic ministers to discuss economic partnerships and investments. 

Japan is one of Indonesia's most important business partners, with last year's bilateral trade value reaching more than US$31 billion. Japan is also Indonesia's second biggest investor after Singapore, with an investment value of US$4.5 billion in the period of January-September 2016.


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