Tag: Investment consulting

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Jokowi was Praised by the World in COP28:”COP28 must be a place to strengthen the implementation of not ambition”

President Joko Widodo had made a national statement at the 2030 World Climate Action Summit (WCAS) which became a series of COP 28 UNFCCC agenda. On that occasion, Jokowi had delivered Indonesia’s achievements related to climate and the environment.
In the event, Jokowi had said that Indonesia had and continued to work hard to reach Net Zero Emission in 2060 or earlier as well as enjoying high economic growth, poverty, and inequality continued to be significantly reduced, as well as employment that continued to be created. Jokowi also emphasized that with all the limitations, Indonesia continued to reduce carbon emissions.
Jokowi said, in the midst of existing limitations, Indonesia has now also succeeded in reducing 42 percent emissions during 2020-2022. This has become one of the achievements that cannot be achieved by many countries in the world.
Other achievements in reducing carbon emissions, Indonesia also succeeded in optimizing the management of Forest and Other Land Use (FOLU) management. In addition, Indonesia continues to move to accelerate the transition of energy towards Renewable New Energy.
“In the case of Folu, Indonesia continues to maintain and expand mangrove forests and rehabilitate forests and land. Deforestation has also been successfully reduced at the lowest point in the last 20 years. The COP28 Climate Summit was held not as a place for ambition performances, but rather strengthened the implementation of each country,” Jokowi said Quoted from 20 seconds, Friday (12/8/2023).
Submitting the national statement made by Jokowi also reaped praise. He received appreciation from other countries. Jokowi also received appreciation in several forums related to the achievement of decreased emissions, particularly related to mangrove restoration and deforestation. For the first time, the delivery of COP UNFCCC National Statement was carried out in two separate rooms, with an audience divided into two. In addition, various side events and bilateral meetings were attended by delegates at the same time.
Then, in the delivery of National Statement in the Al Ghafat Plenary Room, Dubai City Expo, Dubai, Arab Emirates Association (PEA), last Friday (1/12), only the Head of State can enter together with two companions. The Indonesian delegation was only attended by Jokowi accompanied by the Minister of Environment and Forestry, Siti Nurbaya, and Deputy Foreign Minister, Pahala Mansury.
Related to information that says there is another delegation that does walk-out is not true at all. Minister of Environment and Forestry, Siti Nurbaya, explained that he and the Deputy Minister were present on all Jokowi’s agenda.
“International recognition to Indonesia is very positive. Likewise at bilateral meetings, which, Secretary General of the United Nations and Norway Prime Minister also appreciated the Progress of the Republic of Indonesia in the active initiative and the progress of climate action reduces emissions, especially in mangrove restoration as well as a reduction Last year until now, “said Siti.

December 7, 2023, detikNews
(https://news.detik.com/berita/d-7078518/jokowi-cop28-harus-jadi-ajang-perkuat-implementasi-bukan-ambisi)
(https://news.detik.com/berita/d-7076356/jokowi-dipuji-dunia-di-cop28-unfcc-terkait-capaian-ri)

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Jamu Wellness Culture of Indonesia is Listed as UNESCO Intangible Cultural Heritage

Indonesian herbal medicine (Jamu) officially listed as UNESCO Intangible Cultural Heritage. Indonesia recorded total 13 UNESCO Intangible Cultural Heritage.
“I would like to thank UNESCO for establishing herbal medicine as intangible cultural heritage. This determination will strengthen Indonesia’s efforts to protect and develop herbal medicine as a cultural heritage, as well as contributing to global health and welfare,” said Minister of Education and Culture Nadiem Anwar Makarim conveyed online in the forum The 18th Session of the Intergovernmental Committee for the Safeguarding of the Intangible Cultural Heritage in Kasane, Republic of Botswana was made in the release of the Ministry of Education and Culture, Wednesday (6/12/2023).
Budaya Sehat Jamu (Jamu Wellness Culture) into the Representative List of the Intangible Cultural Heritage of Humanity UNESCO was conducted in the UNESCO forum today at 04.30 PM. Jamu Wellness Culture to become an 13th UNESCO Intangible Cultural Heritage from Indonesia which is encrypted into the UNESCO list.
“As one of our cultural heritages, Jamu represents a deep, meaningful, and harmonious relationship between humans and nature. Jamu has become an inseparable part of the lives of Indonesian people for centuries,” Nadiem added.
Minister Nadiem expressed his highest appreciation of the efforts to preserve Jamu as a culture for health carried out by various parties for a long time. Thank you for all Indonesian people who formed the Jamu as cultural ecosystem.
“Thank you to all supporters of the healthy culture of Jamu both domestically and abroad, producers, the presence and mixers, sellers, researchers, communities, entrepreneurs, and connoisseurs of the efficacy of herbs who have jointly revived the Jamu cultural ecosystem as it is today, “He said.
The Director General of Culture added, Hilmar Farid, that Jamu is an herb of traditional Indonesian traditional medicine made from natural ingredients for prevention, treatment, recovery, and maintenance of health and beauty. Jamu is one of the heritages of science from the ancestors of the Indonesian people who have been mentioned in reliefs, primbon, inscriptions, and old books of the archipelago.
“We have experienced a moment when life is like at the lowest point when Pandemi struck. But apparently, this cultural product called Jamu is one of the recipes that heal, strengthen, and unite us,” Hilmar explained.
The preservation of Jamu, he continued, requires optimization of joint and community involvement in participatory collective management. During this time Jamu has become an ecological encyclopaedia, knowledge of health technology, and markers of civilization, as well as local knowledge and local wisdom from a very valuable archipelago culture.
In addition to being a cultural and natural wealth of Indonesia, Jamu also has a strategic value from the economic side. Jamu production involves many people from various levels of society, such as farmers who plant raw materials for herbal medicine, workers who process them, to sales and marketing staff. Jamu is also a local economic driver and several herbal products have gained popularity in the global market.
Thus there are 13 Indonesian cultural heritage in the UNESCO Intangible Cultural Heritage list as follows: 1. Wayang (2008); 2. Keris (2008); 3. Batik (2009); 4. Batik Education and Training (2009); 5. Angklung (2010); 6. Saman Dance (2011); 7. Noken (2012); 8. Three Genre of Bali Dance (2015); 9. Pinisi Ship (2017); 10. Pencak Silat Tradition (2019); 11. Pantun (2020); 12. Gamelan (2021); 13. Jamu (2023).

December 6, 2023, detikEdu
(https://www.detik.com/edu/edutainment/d-7075939/sah-budaya-sehat-jamu-indonesia-masuk-warisan-budaya-takbenda-unesco)

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PLN and Masdar in Collaboration with the Expansion of the LargestCirata Floating Solar Power Plant in Southeast Asia

PT PLN (Persero) and Subholding, PLN Nusantara Power (PLN NP) strengthened cooperation with Masdar, an energy company from the United Arab Emirates for the development of new and renewable energy in Indonesia. After successfully building Cirata Floating Solar Power Plant, PLN Nusantara Power together with Masdar agreed to study the potential to increase the capacity of the environmentally friendly power plant. In addition, PLN and Masdar also signed an MoU to explore the development of the energy business for the international market.
The agreement between PLN-Masdar and PLN NP-Masdar was signed on the sidelines of the Climate Change Conference of the National Unity of the Nation or COP28 in Dubai, UAE Saturday (2/12) with the Ambassador of the UAE for Indonesia Abdulla Salem Aldhahari and Minister of Energy and Infrastructure of the Law, Suhail Mohamed Al Mazrouei. Abdulla Salem Aldhaheri said that the MoU between PLN and Masdar was a continuation of bilateral cooperation between UAE and Indonesia. Especially for important sectors such as the development of new and renewable energy in Indonesia and exploration of energy business development for the international market.
“As we all know, this is a continuation of the good relations between the United Arab and Indonesia Emirates. The signing of this MoU is evidence of the importance of the EBT sector for us,” Aldhahahi said.
Meanwhile PLN Managing Director Darmawan Prasodjo explained, this collaboration would strengthen bilateral cooperation between Indonesia and the UAE. Furthermore, PLN together with Masdar hopes to continue his collaboration to increase new and renewable energy at the local and global levels. Darmawan also said that through the cooperation carried out between PLN NP and Masdar, it would review the exploration of the addition of installed capacity for Cirata Floating Solar Power Plant. This opportunity is very open considering that currently only 4% of the maximum 20% surface area of the lake is utilized.
“We will design a stable electrical system. We also build smart grids with Flexible Generation, Smart Control Center and Smart Distribution so that all can be handled, and this project can run well,” added Darmawan.
For information, Cirata Floating Solar Power Plant is the largest floating solar power plant in Southeast Asia, President Joko Widodo was inaugurated last November. As the largest floating solar power plant in Southeast Asia, Cirata Floating Solar Power Plant has a number of advantages.
First, cooperating with local experts, companies in the field of Electrification and Automation ABB succeeded in installing, testing, and operating Switchgear Primary Air Improvement of Medium Voltage (MV) In the first stage of the project which has a capacity of 192 Megawatt Peak (MWP) or nearly 30 times the capacity of the largest ‘floating fields’ in Europe is Alqueva Reservoir, Portugal.
Second, the anchor and mooring used in the Cirata Dam which reaches a depth of 100 meters is the deepest in the world. The existence of Cirata Floating Solar Power Plant is expected to avoid 214,000 tons of carbon dioxide emissions every year.
Third, Cirata Floating Solar Power Plant employs more than 1,400 local residents during the construction process, and records more than 2 million working hours without accidents.

December 4, 2023, detikFinance
(https://finance.detik.com/energi/d-7072302/di-cop28-dubai-pln-dan-masdar-jajaki-ekspansi-plts-terapung-cirata)
(https://finance.detik.com/energi/d-7082022/ri-punya-plts-terapung-terbesar-di-asia-tenggara-ini-keunggulannya)

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Indonesia Makes Big Deals with 4 Singaporean Companies

The Indonesian government has entered into an agreement with 4 Singaporean companies to encourage investment growth in Special Economic Zones.
“The signing of three MoUs between the Singhasari Special Economic Zone and several companies in Singapore is a concrete manifestation of the enormous investment opportunities in the Special Economic Zone, especially in the fields of manufacturing, digital economy and education,” said Plt. Secretariat General of the National Council for Special Economic Zones, Susiwijono Moegiarso in a written statement, Thursday (30/11/2023)
The signing of the first MoU between BUPP Singhasari Special Economic Zone and Kydon Holdings for the development of EduTech, represented by Janice Chang. Edu Tech is a solution to achieve equality and expansion of access to education.
Furthermore, the signing of an MoU for partnership development with Doughwitt, related to fund management and investment activities in the technology and non-technology sectors. The next MoU is a collaboration between the Singhasari Special Economic Zone and Millet Holdings Pte. Ltd., and Timbre Group Pte. Ltd., for community empowerment through creation, marketing and joint investment in Indonesia.
Susiwijono added that investment opportunities in Indonesia are very large. Therefore, foreign companies can take advantage of this. “Indonesia has a lot to offer investors. We have the advantages of an economic trifecta, strong economic growth, a large population and a demographic bonus period, as well as abundant resources,” he said.
Indonesian Ambassador to Singapore Suryo Pratomo said that the cooperation between Indonesia and Singapore would bring together the interests of the two countries.
“I believe that today’s MoU signing event marks the start of your project and investment in the Special Economic Zone, but there are still many follow-up actions that need to be carried out in the near future,” said Suryo on the same occasion.

November 30, 2023, CNBC Indonesia
(https://www.cnbcindonesia.com/news/20231130122631-4-493333/ri-jalin-kesepakatan-besar-dengan-4-perusahaan-singapura)

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Indonesia Explores QRIS Cooperation with Saudi Arabia and United Arab Emirates

Bank Indonesia expands the cooperation between cross-border payment connectivity using the Indonesian Standard (QRIS) Quick Response Code. QRIS can later be used in the United Arab Emirates and Saudi Arabia.
The use of QRIS in Saudi Arabia according to Bank Indonesia Governor Perry Warjiyo said this could be useful for the Indonesian people who performed Umrah and Hajj to shop in the Holy Land. Similar to the United Arab Emirates, Perry Warjiyo said that his party had signed a memorandum of understanding or Memorandum of Understanding (MoU) with the United Arab Emirates. He said this would make it easier for Indonesian people who would be on vacation, for example to Dubai, they could shop using QRIS.
“We have just signed with the United Arab Emirates, so that later if we go to Dubai and all kinds can use QRIS. And now we are exploring Saudi Arabia, the Umrah, Hajj to use QRIS and BI Fast. That is the expansion of expansion,” Perry said in Birama 2023 event at the Bank Indonesia Office, Central Jakarta, Thursday (11/30/2023).
In addition, Bank Indonesia also plans to expand the implementation of QRIS to Japan, China to India. This is the increasing extent of the implementation of QRIS not only with countries in ASEAN.
“And QRIS BI Fast, so we have to expand. Not only to ASEAN four countries, but we are also talking to Japan, we can be a ceremony with China, and one more India,” he explained.
On a different occasion, the Executive Director of Bank Indonesia Communication Department Erwin Haryono explained, initially BI wanted to first work with Saudi Arabia. However, the system in the country is not ready for the implementation of QRIS. Therefore, the implementation of QRIS’s implementation with the United Arab Emirates, considering that many Indonesian migrant workers work in the country.
“I was going with Saudi Arabia because for those who are Hajj Umrah. But the system there is not ready. The United Arab Emirates were finally chosen first because they were ready first and many migrants there,” he explained.
Previously, Perry had revealed that QRIS would be expanded to a number of countries. After Singapore, said Perry, QRIS will be expanded to India, Japan, China, to the United Arab Emirates.
“Fifth, the expansion of the cooperation between QRIS and BI Fast in ASEAN. Also, to India, Japan, China, the United Arab Emirates and a number of other countries, integration with the Local Currency Transaction,” he said at the Annual Meeting of Bank Indonesia (PTBI) at Grha Bhasvara Icchana, Bank Indonesia (BI) Headquarters Complex, Central Jakarta, Wednesday (11/29/2023).
The plan is part of Bank Indonesia’s efforts to encourage a digital payment system in 2024. Bank Indonesia also targets the national financial economic acceleration.

November 30, 2023, detikFinance
(https://finance.detik.com/moneter/d-7065201/ri-arab-saudi-jajaki-kerja-sama-QRIS-bidik-jemaah-haji-umrah)
(https://finance.detik.com/moneter/d-7065087/ri-uea-teken-kerja-sama-QRIS-nanti-bisa-dipakai-di-dubai)

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Indonesian Language is Established as the Official Language of the UNESCO General Conference

The Indonesian language was successfully established as the official language at the General Conference on the Organization of Education, Scientific, and Culture of the United Nations or UNESCO. The decision was determined at the Headquarters of UNESCO Paris, France, on Monday (11/20).
The Ambassador of the Republic of Indonesia to France-Andorra-Monako, Mohamad Oemar, stated that the determination made Indonesian the 10th official language recognized by the UNESCO General Conference. The other nine languages that are recognized are English, Arabic, Mandarin, French, Spanish, Russia, Hindi, Italy, and Portuguese.
“Indonesian has become a unifying force since the pre-independence period, especially through the Youth Pledge in 1928, so as to be able to connect various ethnic groups in Indonesia,” Oemar said.
The determination was marked by the adoption of a resolution of 42 C/28 consensus in the Plenary Session of the 42nd General Conference of UNESCO. Oemar mentioned that Indonesian, with more than 275 million speakers, was worldwide with the inclusion of the Indonesian language curriculum in 52 countries. And at present, there are at least 150 thousand foreign speakers who are active in Indonesian.
“Indonesia’s active leadership at the global level began since the Asian-African Conference in Bandung in 1955, which became the seeds of the formation of non-alignment groups. Indonesia has a strong commitment to continue leadership and positive contribution to the international world,” he said.
This contribution, he continued, was marked by collaboration with other countries in overcoming global challenges, through the role of Indonesia’s agriculture in the G20 forum in 2022 and ASEAN in 2023. He also emphasized that this recognition could increase awareness of Indonesian, as well as part of global efforts to develop inter -nation connectivity, strengthen cooperation with UNESCO, and part of Indonesia’s commitment to cultural development at the international level.
“Recognition of Indonesian as the official language of the UNESCO General Conference will have a positive impact on peace, harmony, and achievement of sustainable development goals not only at the national level, but also throughout the world,” he said.
The efforts of the Indonesian government to propose Indonesian as the official language of the UNESCO General Conference are one of the implementations of the mandate of Article 44 paragraph (1) of Law Number 24 of 2009 concerning the State Flag, Language, and Symbols, as well as the national anthem, which reads, “The government increases The function of Indonesian becomes an international language gradually, systematically, and sustainable. “
This proposal is also an effort of De Jure (based on law) so that the Indonesian language gets the official language status of an international institution, after de facto (based on facts), the Indonesian government has built Indonesian foreign speakers in 52 countries.

November 21, 2023, detikNews
(https://news.detik.com/berita/d-7047894/bahasa-indonesia-ditetapkan-jadi-bahasa-resmi-konferensi-umum-unesco)

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Indonesia-US Cooperation to Build Electricity Networks in Remote Areas

The Government of Indonesia and the United States Government (US) plans to establish cooperation to develop a new renewable energy mini (EBT). This follows a meeting conducted by the President of the United States (US) Joe Biden with President Joko Widodo in Washington, Monday (3/11/2023) local time. Citing a press release from the White House, the two country leaders will continue to establish close cooperation in the partnership of funding with the Just Energy Transition Partnership (JETP) worth US $ 20 billion announced at the G20 Summit in 2022 in Bali. Following up on this matter, Biden also announced new programs in his efforts to overcome the climate crisis. One of them is to establish cooperation to support the development of renewable mini energy electricity networks in Indonesia.

“USTDA intends to partner with PLN in the feasibility study of a renewable mini energy network in five remote locations in eastern Indonesia,” wrote the White House, Tuesday (11/14/2023).

The White House said that the JETP project developed a replication strategy for the implementation of a wider renewable mini energy network throughout the region. The project is planned to be implemented by the US TQ Automation company in a public-private partnership with the National Laboratory of the US Energy Department under Net Zero World Initiative. In addition, in order to advance the planning of energy transitions in Indonesia, the United States Agency for International Development (USAID) will also support BUMN in developing its energy transition plan.

The US Department of Energy plans to cooperate with Indonesia through Net Zero World Initiative to evaluate the scenario of termination of coal, renewable energy determination, and electrification modeling. Both of these efforts aim to accelerate the integration of new and renewable energy sources and support policy reform based on JETP’s investment plan and comprehensive policy.

November 15, 2023, CNBC Indonesia

(https://www.cnbcindonesia.com/news/20231115102306-4-489143/ri-as-kerjasama-bangun-jaringan-listrik-di-wilayah-terpencil)

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Impact of the U-17 World Cup, Encourage Sport Tourism in Indonesia

FIFA officially appointed Indonesia as the host of the U-17 World Cup 2023 which was planned to be held in November 2023. The U-17 World Cup 2023 is planned to be held on November 10 to December 2. The U-17 World Cup was last held in 2019. In fact, this tournament is a biennial edition, but the 2021 edition was forced to be abolished because of Pandemi Covid-19. In the last edition, Brazil, who was also a successful host to become a champion. Brazil defeated Mexico with a score of 2-1 in the final. So, what is the impact on Indonesia with the holding of the World Cup U-17?

Minister of Tourism and Creative Economy (Menparekraf) Sandiaga Uno said, the Indonesian U-17 World Cup had a positive impact on economic and tourism movements. One of them in terms of spending or expenditure of soccer team players and supporters who came for quite a long time.

“If we look at around the spending (one person) 1,000-1,500 US dollars, then we estimate the total spending between 2-5 million US dollars from the team and their supporters,” he said in The Weekly Brief with Sandi Uno in Jakarta, Monday (13/13/ 11/2023).

However, he estimates that the overall economic movement is likely to be far higher than 2-5 million US dollars (around IDR 31-78 billion). This figure, said Sandiaga, is an estimate of the total expenditure for three days of the U17 World Cup in the underway since November 10, 2023.

For the impact on tourism, Sandiaga said that the holding of the international event was able to increase foreign tourist visits to over 20,000 visits. In addition to shopping, he explained, his party also prepared a tour package for the players. Including family, supporters, and fans.

Sandiaga also revealed that the target ahead after the U-17 World Cup was held starting November 10, December 2, 2023. Not only seeing the nominal, but he also considered that there would be an impact on human empowerment to sports products.

“We see it not from the nominal dollar but the impact on empowerment, sports products, and also sport tourism. The same is increasing the interest of young people to explore the sport of football, “he said.

Therefore, he said the impact was not only in the nominal Rupiah a week or two weeks ahead, but an investment for the long term.

November 14, 2023, Kompas & CNN Indonesia

(https://amp.kompas.com/travel/read/2023/11/14/060600627/dampak-piala-dunia-u-17-dorong-sport-tourism-di-indonesia)

(https://www.cnnindonesia.com/olahraga/20230623224826-142-965962/resmi-indonesia-tuan-rumah-piala-dunia-u-17-2023)

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Pertamina-Exxon Explores Cooperation of Carbon Catching IDR 31.4 Trillion

PT Pertamina (Persero) explores cooperation with energy companies from the United States, ExxonMobil, for the development of carbon capture and carbon capture storage (CCS) in Indonesia. Pertamina and ExxonMobil are planned to develop CCS in the Java Sea which has a capacity of 3 Giga Ton CO2 with an investment value of more than US $ 2 billion or around IDR 31.4 trillion (assuming an exchange rate of IDR 15,713 per US $).

To realize the plan, Pertamina and ExxonMobil signed the principal amendments as a continuation of the agreement that had been produced at the November 2022 G20 event. This signing was carried out by Pertamina President Director Nicke Widyawati, President Director of Pertamina Hulu Energi (PHE) Wiko Migantoro and President of Low Carbon Solutions, ExxonMobil Asia Pacific Pte. Ltd. Irtiza Sayyed, on Monday, November 13, 2023, in Washington DC, USA.

In this agreement Pertamina and ExxonMobil agreed to continue their cooperation to evaluate the CCS Hub in the northwestern part of Java, precisely in the Asri Basin and the Sunda Basin. CCS Hub at this location is expected to offer geological storage in significant volumes, which can capture and inject CO2 from the domestic and regional industry. The event was also witnessed by the Coordinating Minister for Maritime Affairs and Investment in Ad-Interim Erick Thohir, Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif, and the United States Ambassador to the Republic of Indonesia.

Coordinating Minister for Maritime and Investment of the Republic of Indonesia Ad-Interim, Erick Thohir said “The agreement signed today indicates an important step in Indonesia’s journey as a leader in reducing emissions. The latest technology behind the CCS Hub will not only reduce emissions and encourage the low carbon industry but also creates jobs and attract investment. “

Deputy for Maritime and Energy Sovereignty Coordination, Jodi Mahardi, after the signing of the MoU, said that “the signed document is an important part of the long process that has been carried out by the Indonesian government to build the CCS ecosystem. With this agreement, it proves that all devices in Indonesia, Especially in terms of the government, it is ready to utilize the potential of CCS Indonesia for the progress of the low -carbon industry, increased investment, and opening new jobs for the people of Indonesia “.

Senior Vice President of ExxonMobil Corporation Jack P. Williams said, “We are proud to be able to collaborate with Pertamina and the Indonesian government in these transformative projects. Together, we have the opportunity to reduce emissions and encourage economic growth in Indonesia and the whole region.”

Pertamina President Director Nicke Widyawati explained that Pertamina continued to develop the decarbonization program, one of which was by developing the CCS Hub which would be built with cooperation with strategic partners such as ExxonMobil. According to Nicke, this project has the opportunity to store CO2 in a strategic area, with the development of CCS Hub in the Java region which is very close to the location of various industries. This CCS Hub will provide access to geological storage in saline aquifer (saline aquifer), which can accommodate at least 3 giga tons of carbon dioxide (CO2) from the domestic and regional carbon dense industries.

Pertamina as a leader company in the field of energy transition, is committed to supporting the Net Zero Emission 2060 target by continuing to encourage programs that have a direct impact on the achievements of Sustainable Development Goals (SDG’s). All of these efforts are in line with the application of Environmental, Social & Governance (ESG) throughout Pertamina’s business line and operations.

November 14, 2023, CNBC Indonesia

(https://www.cnbcindonesia.com/news/20231114125134-4-488896/pertamina-exxon-jajaki-kerja-sama-penangkapan-karbon-rp314-t)

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RI Increases the Export of Fisheries Products to China Worth IDR 12 Trillion

Indonesia boosted the exports of fishery products to China. The latest, the Minister of Maritime Affairs and Fisheries, Sakti Wahyu Trenggono has just released 9 containers containing 243 tons of fishery products worth IDR 18.7 billion to China. Exports from the Cold Storage facility of the Ministry of Maritime Affairs and Fisheries in Muara Baru at the same time emphasize its commitment in integrating the blue economy -based priority program. The exported fish originated from the catch in zone I and zone III of the measured fishing area.

“Measured fishing will be included in version 1 version 2 version 3 and so on according to the era. The fishing is regulated which type of fish can be caught, then the way it is civilized (environmentally friendly and sustainable), then delivered to customers (consumers), so that We can promise that the well-managed fish that we will export, both in health and their hygiene, “explained Trenggono in his statement, Thursday (9/11/2023).

Trenggono said, the reason Indonesia was boosting the exports of fishery products to China because the country was considered to be a market for fishery products that had very significant growth, which was 22% per year over the past 5 years. Based on data from the International Trade Statistics, in 2022 imports of Chinese fishery products reached US $ 23.5 billion or 12% of the total world imports and placed this bamboo curtain country as a country importing country for the 2nd global fishery product after the United States.

“The market opportunity has been utilized by several global fisheries producing countries, including Indonesia,” he said.

The China’s main import commodity was shrimp of US $ 6.29 billion with a percentage of 26.8%, followed by fish meal of US $ 2.99 billion, lobster of US $ 1.64 billion, crab of US $ 1.56 billion, salmon-trout US $ 1.43 billion, and squid-octopus US $ 1.04 billion. Indonesia became the 8th country with a value of US $ 1.2 billion and contributed 5.3%, Indonesia’s export value increased 28% compared to 2021. Meanwhile, the main supplier country included Ecuador with a contribution of 15.4%, followed by Russia with a contribution of 12, 6%. Furthermore, Vietnam with a contribution of 8.5%.

“This growth provides an opportunity for Indonesia to continue to increase exports to China,” he said.

Similarly, Director General of Strengthening of Maritime and Fisheries Product Competitiveness, Budi Sulistiyo explained during the January-September period 2023, the export value of Indonesian fisheries products to China reached US $ 790 million or equivalent to IDR 12 trillion (exchange rate of IDR 15,627). The exports are dominated by seaweed of US $ 259 million or 32.8%, squid-octopus US $ 223 million (28.2%), and shrimp of US $ 84 million (10.6%). Next crab US $ 39 million, layur-gulama US $ 28 million, bawal US $ 10 million, and tuna and ornamental fish each $ 9 million each.

“Indonesian export commodities that experienced positive trends in the Chinese market include squid-octopus, shrimp, layur-gulama, pomfret, tuna-skipjack, ornamental fish, jellyfish, and milkfish,” explained Budi.

It is planned that the fisheries commodity exported by PT. The Nusantara Bahari Tower, a 7,000 ton of Cold Storage service in Muara Baru or IDR 409.7 billion. The activity is the opening of exports, because the company has entered into a trade contract with Chinese buyer, Fujian Changshun Investment Development Co., Ltd.

Through this export, Budi hopes that the use of cold storage can be maximized, especially in supporting measurable fishing alignments. Especially ahead of the commemoration of Harkannas this year, KKP echoed sustainable fish for the golden generation. “Fish captured quality will be maintained by stored in this cold storage and will also provide a guarantee of continuous supply availability,” he concluded.

November 9, 2023, detikFinance

(https://finance.detik.com/berita-ekonomi-bisnis/d-7028297/ri-genjot-ekspor-produk-perikanan-ke-china-sudah-tembus-rp-12-triliun)