Indonesia is serious about building an electric vehicle ecosystem, both electric motorbikes and electric cars, from upstream to downstream. Indonesia also invites other countries and multinational companies to invest in the electric vehicle (EV) industry.<\/p>\n
Most recently, the Chairman of the Indonesian Chamber of Commerce and Industry (Kadin), Arsjad Rasjid, invited South Korea to develop the electric car (EV) and battery industries.<\/p>\n
\"We encourage South Korea's and Indonesia's commitment in various regions. In particular, EV development,\" said Arsjad ho also Chairman of the ASEAN Business Advisory Council (ABAC) during a working visit in Seoul, South Korea, Wednesday (7\/6\/2023).<\/p>\n
Arsjad believes that cooperation in the development of electric vehicles will benefit both countries. Following this, the ratification of the Indonesia-South Korea Comprehensive Economic Partnership Agreement (IK-CEPA) in August 2022.<\/p>\n
The agreement eliminates most of the post-tariffs in South Korea's fisheries, agriculture, and industrial and automotive sectors. This is seen as a golden momentum to increase South Korea's investment in the electric vehicle sector.<\/p>\n
\"It is hoped that the IK-CEPA will generate increased investment momentum, especially in electric vehicles (EV) and batteries,\" said Arsjad.<\/p>\n
During the visit, Arsjad appreciated the real cooperation between Indonesia and South Korea which continues to increase. It is recorded that around 2,000 South Korean companies are operating in Indonesia.<\/p>\n
In addition, trade transactions between the two countries also continued to grow significantly. In 2022, total trade between Indonesia and South Korea reach USD 24.5 billion, up 33.2 percent compared to the previous year.<\/p>\n
\"Thank you to South Korea for its support, and expressed enthusiasm for celebrating the 50th anniversary of diplomatic relations between South Korea and Indonesia in 2023,\" he concluded.<\/p>\n