Trade

The Chinese-American trade war is favorable for Indonesia

Industry Minister Airlangga Hartanto stated that the trade war between the United States and China opened up an opportunity for Indonesia after several manufacturing companies, with established factories based in China, are starting to approach Indonesia.

“In the midst of the global trade war, we have an opportunity because we are considered stable and democratic,” said Airlangga at the Indonesia Stock Exchange (IDX) on Thursday, December 13. He said that Indonesia is also considered to have the largest market to access the Southeast Asian market.

One company, reported by Nikkei Asian Review, preparing to relocate its factory to several countries that include Indonesia is the iPhone producer, Pegatron. Other than the Taiwanese firm, Airlangga said that there are several other manufacturers planning to reside in Indonesia.

“There are examples of the shoe industry interested to establish a plant in Central Java. There are also manufacturers in the field of electronics, textiles, clothing, and several steelmakers,” Airlangga claims.

Minister Airlangga also mentioned a South Korean automotive manufacturer is in talks of moving its factory to Indonesia. However, he refused to reveal the brand until it is officially confirmed to be listed in the Investment Coordinating Board (BKPM).

Tempo.co

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