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Indonesia and Czech Republic Agree to Strengthen Economic Cooperation

Economics editor Wahyu Dwi Anggoro
20/10/2023 20:46 WIB
Indonesia and the Czech Republic have agreed to enhance cooperation in various fields.
Indonesia and Czech Republic Agree to Strengthen Economic Cooperation. (Foto: MNC Media)
Indonesia and Czech Republic Agree to Strengthen Economic Cooperation. (Foto: MNC Media)

Two Czech companies, LINET and Skoda Group, were also present at the meeting. LINET has decided to expand its business in Indonesia and establish a production center for patient beds, with a focus on meeting the needs of the Asia-Pacific region. Meanwhile, Skoda Group is exploring investment opportunities and cooperation with various parties in Indonesia, including joint production and internship programs for vocational students.

In addition to attending the JEC, the Czech delegation also visited the Muara Karang Steam Gas Power Plant (PLTGU) operated by PLN Nusantara Power, and participated in the Indonesia-Europe Business Forum (IEBF) organized by the Directorate General of American and European Affairs of the Ministry of Foreign Affairs of the Republic of Indonesia on October 17-18. During the IEBF, an investment commitment was announced between LINET and PT D&V International Makmur Gemilang to establish a production center in Indonesia.

The Czech Republic is one of Indonesia's emerging partners in Central Europe. Czech investments in Indonesia reached USD3.2 million in 2022, marking a significant increase of 211.9% from the previous year. In terms of trade, the total trade between Indonesia and the Czech Republic also continues to grow, reaching USD 254.9 million in 2022. The JEC is held every two years, with the previous meeting taking place in Brno, the Czech Republic in 2021. (WHY)

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