Economic Recovery Diplomacy
“Since early on, President Joko Widodo has stressed that we are facing a war on two crucial fronts; a war against the pandemic itself and a war against its economic impact. We have to win on these two fronts. This is not an “either-or” approach nor is it a trade-off between the two. Instead, they are two sides of the same coin. That is why Indonesia pushes to counter these challenges through a comprehensive approach.” - Minister for Foreign Affairs, at the Joint Press Briefing with the Coordinating Minister for the Economy to Foreign Media, 23 April 2020
Indonesia receives the golden opportunity to become a partner country for the Hannover Messe 2021 exhibitions on digital platforms. Indonesia's participation is in line with the strategic initiative of the national industrial roadmap "Making Indonesia 4.0," launched by President Joko Widodo [April 2021]
The Indonesian Vice Minister of Foreign Affairs underlined the strengthening of international confidence in Indonesia as seen from the increasing value of exports and investment entering Indonesia in the first quarter of 2021 at the opening of the Indonesia-Europe Trade Forum (17/06/21).
The Indonesian Foreign Minister said that the International Year of Creative Economy must be a momentum to increase partnerships and support the creative economy as part of global recovery efforts in the exhibition entitled "Creative Economy for Sustainable Development: Let's Connect!" initiated by Indonesia.
The Ministry of Foreign Affairs and the Ministry of Investment/Investment Coordinating Board (BKPM) strengthen cooperation in increasing investment through the MoU on the implementation of economic diplomacy in the investment sector. The signing was carried out virtually by the Indonesian Foreign Minister and the Minister of Investment.
The Indonesian Foreign Minister once again opened the 3rd Indonesian-Latin America and Caribbean Business Forum (The 3rd INA-LAC Business Forum) 2021 with the theme "Recover Together, Recover Stronger" to take advantage of the momentum of the economy that began to grow positively, especially in the Latin America region and the Caribbean.
The Indonesian government has held The 2nd Pacific Exposition on 27-30 October 2021, which is the largest tourism, trade and investment exhibition in the Pacific region. The activity was attended by 18 countries and territories and has scored transaction commitments worth USD104 million or equivalent to Rp1.48 trillion.
The Ministry of Foreign Affairs holds the first online INACEE Business Forum, resulting in a business agreement with a value of US$ 3.1 million or approximately Rp 44 billion. This event is supported by Indonesian Representatives in Central and Eastern Europe, as well as related ministries and agencies [October 2021]
The Indonesian Vice Minister for Foreign Affairs makes a series of work visits to Doha, Qatar, as part of the economic diplomacy to accelerate post-pandemic economic recovery [October 2021]
The Indonesian Ministry of Foreign Affairs, in collaboration with the Partnership for Indonesia Agriculture (PisAgro), holds a discussion on sustainable coconut commodities and a visit to coconut plantations and MSMEs for coconut processing products in Bali [December 2021]
Nglanggeran (Gunung Kidul, DIY) was named one of the 44 Best Tourism Villages 2021 by UNWTO. Nglanggeran offers nature, geology, history, culture, education, and culinary tourism. On the same occasion, the UNWTO appointed Indonesia as the host of World Tourism Day on September 27, 2022 in Bali. [December 2021]
The Indonesian Embassy in Sofia promotes Indonesian culinary, culture, and tourism through a program entitled "Indonesian Flavors in the Valley of Roses" in Moskovets, Bulgaria. The program consist of a series of events, ranging from the presentation of Indonesian culinary, batik workshops, to traditional Indonesian dance performances. [November 2021]
The Indonesian Embassy in Oslo and the Trade Policy Department of Norway inaugurate the entry into force of the Indonesia-EFTA Comprehensive Economic Partnership Agreement (IE-CEPA). It is hoped that, with the entry into force of the IE-CEPA, the economies of Indonesia and Norway will recover through increased trade, services, and investment cooperation [November 2021]
The Indonesian Embassy in Seoul initiate "Our Garden" program to encourage community empowerment through community farming programs, especially since the COVID-19 pandemic. The incomes received from selling products from this program are used for the benefit of the Indonesian community. [September 2021]
Indonesia attend the "Asia and Pacific High-level Conference on Belt and Road Cooperation" with the main topic of fair distribution of the COVID-19 vaccine and ensuring climate-friendly growth in the post-pandemic era [June 2021]
To support the BUMN Go Global program, an MoU was signed between Pertamina and ExxonMobil during the visit of the Indonesian Minister for Foreign Affairs to Houston, USA [September 2021]
The Indonesian Minister for Foreign Affairs meets with the Turkish Foreign Minister, Mevlüt Çavuşoğlu, in Ankara, Turkey, and sign a Joint Declaration on Mutual Recognition on Vaccine Certificate and Travel Arrangement, MoU on Paracetamol Production, and LoI on Development Cooperation. In a separate meeting, another Letter of Intent is also signed between PT.Waskita Karya and Nurol İnşaat ve Ticaret A.Ş [October 2021]
Indonesia and Singapore exchange the Charter for the Ratification of the Investment Protection and Enhancement Agreement (P4M) or the Bilateral Investment Treaty (BIT), which has the potential to increase two-way investment by 18% to 22% for the next five years [March 2021]
The Indonesian Embassy in Bangkok holds the 2021 Business Forum with the theme "Unlocking Opportunities in Logistic Sector to Support Trade and Investment" to increase the awareness of Thai investors to invest in Indonesia [November 2021]
Facilitated by the Indonesian Embassy in Paris, the French fashion house, Dior, signs an MoU with the Governor of Bali. This MoU aims to increase the promotion of Balinese Endek Weaving as one of the materials of choice for the Dior fashion collection, as well as to provide economic value, empower the MSMEs, and ensure their use is according to Balinese cultural and customary rules [February 2021]
The ASEAN Creative Economy Business Forum (ACEBF) aims to build networks of several elements of the creative economy ecosystem in ASEAN as a form of support for post-pandemic economic recovery in ASEAN [November 2021]
The Indonesian Embassy in Beijing promotes Indonesia's digital economy sector in China through the "ASEAN-China Digital Economy Partnership Forum" and conveys Indonesia's digital economic growth during the pandemic and its potential in the future. Digital technology is key to accelerating economic recovery [July 2021]
The Indonesian Embassy in Beijing, in cooperation with Bank Indonesia Representative Office in Beijing, the Indonesian Ministry of Foreign Affairs, and the Indonesian Chamber of Commerce, holds the Indonesia-China Business Forum: "New Road to Business Acceleration in Digitalization, Health, and Green Economy in Indonesia" which aims to increase the value of Chinese investment in Indonesia [October 2021]
President Jokowi attends the Dubai Expo 2020, which serves as an event to introduce the Indonesian culture, attract investment, and establish international cooperation. The Indonesian Pavilion at the Dubai Expo 2020 has 300 types of MSME products ready for export and 75 business forums to showcase Indonesia's various economic potentials [November 2021]
Economic Recovery Diplomacy
“Since early on, President Joko Widodo has stressed that we are facing a war on two crucial fronts; a war against the pandemic itself and a war against its economic impact. We have to win on these two fronts. This is not an “either-or” approach nor is it a trade-off between the two. Instead, they are two sides of the same coin. That is why Indonesia pushes to counter these challenges through a comprehensive approach.” - Minister for Foreign Affairs, at the Joint Press Briefing with the Coordinating Minister for the Economy to Foreign Media, 23 April 2020