Indonesia To Benefit From Japan's Restructuring Process

Indonesia is all set to benefit from Japan's restructuring process after the latter was hit by a tsunami and earthquake in March this year.

Indonesia's Trade Minister, Dr. Mari Elka Pangestu said Japan is currently restructuring its whole production network in certain sectors, namely, the electronic and automotive sectors as well as green technology, green products and agriculture products.

"With Indonesia's large market size and labour force, it is timely for us to capitalise on the opportunity.

"The move also comes at the right time as we are now rapidly involved in growing our technology capacity skills, Mari told BERNAMA, here today.

She added that the Japanese government is in the final stage of announcing the reconstruction projects, after a special committee had submitted a proposal to the latter's policy makers.

"ASEAN nations, other than major economies such as China, have a big role to play," she said on the sidelines of the business dialogue between ASEAN Economic Ministers, Japan's Ministry of Economy, Trade and Industry (METI) and the Federation of Japanese Chambers of Commerce and Industry in Asean (FJCCIA) which ended here today. Source: Bernama