Jokowi Strengthen Economic Ties with Hong Kong
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“We want to encourage Hong Kong business owners to invest in Indonesia, particularly in the field of infrastructure and creative industry,” Foreign Ministry spokesperson Arrmanatha Christiawan Nasir said during a press conference in Jakarta on Tuesday, April 25, 2017.
As one of the largest economy in the region, Indonesia aims to strengthen economic ties with Hong Kong. Delegations of both countries will sign two memorandums of understanding on business collaborations and partnerships in the culture sector.
Indonesia will also push an agenda to expedite negotiations related to the ASEAN-Hong Kong Free Trade Agreement, which is expected to increase the intensity of trades between ASEAN and Hong Kong.
In 2016, the realization of Hong Kong’s investment in Indonesia reached USD 2.25 billion, significantly increasing from those realized in previous years that stood at around USD 691 million. The trade value between the two countries climbed to USD 3.9 billion in 2016 from USD 3.8 billion in 2015.
President Jokowi will also discuss protections for Indonesian citizens in Hong Kong.
“The President also pays attention to protections for our migrant workers. There are 172,000 Indonesian migrant workers in Hong Kong,” Armanatha revealed.
Questions & Answers
Q.What is the primary aim of President Widodo's visit to Hong Kong?
What is the primary aim of President Widodo's visit to Hong Kong?
President Widodo plans to strengthen bilateral cooperation between Indonesia and Hong Kong. Indonesia aims to encourage Hong Kong business owners to invest, particularly in infrastructure and the creative industry, and push for an expedited ASEAN-Hong Kong Free Trade Agreement.
Q.What specific agreements are expected to be signed during the visit?
What specific agreements are expected to be signed during the visit?
Delegations from both countries are expected to sign two memorandums of understanding. These relate to business collaborations and partnerships within the culture sector. The visit also aims to push for faster negotiations on the ASEAN-Hong Kong Free Trade Agreement.
Q.Besides economic ties, what other topic will President Jokowi address in Hong Kong?
Besides economic ties, what other topic will President Jokowi address in Hong Kong?
President Jokowi will also discuss protections for Indonesian citizens residing in Hong Kong. This includes attention to the welfare of the 172,000 Indonesian migrant workers currently living and working in Hong Kong.
Q.How has Hong Kong's investment in Indonesia changed recently?
How has Hong Kong's investment in Indonesia changed recently?
Hong Kong's investment in Indonesia significantly increased in 2016, reaching USD 2.25 billion. This is a substantial rise from previous years, when investments stood at approximately USD 691 million.
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