The summit spanned two days, from Dec. 17 to 18, 2023, with Coordinating Economic Minister Airlangga Hartarto accompanying President Jokowi in the meeting.
"The five decades of this ASEAN-Japan partnership have been the driving force behind our regional economy”, President Jokowi stated, starting the co-creation agenda.
As the fourth-largest trading partner of ASEAN, Japan plays a crucial role in the region's trade dynamics. In 2022 alone, the total trade value between ASEAN and Japan reached a total of US$268 billion, representing around 7 percent of ASEAN's overall trade for the previous year. Moreover, Japan also served as the second-largest foreign investor in ASEAN in 2022, with investments totaling $26.7 billion.
The fifty-year partnership between ASEAN and Japan has been a crucial force in preparation toward future cooperation, to make the region more stable and resilient amid dynamic geopolitical and geo-economic changes.
At the summit, President Jokowi revealed that the ASEAN-Japan partnership would focus on two priorities.
The first focus is strengthening food and energy security. Cooperation in food security will be reinforced through collaborative efforts which enhance productivity and food supply chains through the utilization of technology development which ensures the availability of fertilizers and aligns standards for agricultural commodities.
While in the energy sector, Japan plays a vital role in helping ASEAN accelerate the transition to fair, inclusive and affordable renewable energy.
Source:The Jarkata Post
Share:
<p>Time: 2024 By: Ministry of Industry and Trade</p>
