The Chairman of the Indonesian National Economic Council, Luhut Binsar Pandjaitan, recently stated that Indonesia will take steps to strengthen investor confidence. He emphasized that Chinese support and assistance are indispensable, and the prospects for investment interaction between the two countries are very extensive.
These remarks were made while participating in the G20 Global Mixed Finance Forum in Bali in May. Luhut noted that due to rapid development, Indonesia's national development has entered a new phase, making the attraction of foreign investment and the adoption of advanced technologies vital for the country.
Indonesian President Prabowo Subianto directly demanded the creation of a favorable business environment for foreign investment and ordered necessary measures to be taken to increase investor confidence.
Luhut added that investment cooperation between China and Indonesia has deepened in recent years. Experience shows that China possesses not only advanced technologies but is also willing to sincerely share its development experience with Indonesia, rather than limiting itself to mere verbal promises.
In the future, Indonesia plans to increase investments in areas such as digital infrastructure, artificial intelligence, healthcare, and the establishment of international financial centers. Luhut concluded that Chinese support and assistance will be indispensable, and both sides have enormous potential for joint investment cooperation.
The Iranian Minister of Economic Affairs and Finance, Seyed Ali Madanizadeh, met with the Chinese Ambassador to Iran, Kong Peiwu. During this meeting, he emphasized his country's determination to develop sustainable and strategic relations between the two states.
According to IRNA, on Monday evening, Madanizadeh highly praised China's support, especially during the aggression against Iran by its enemies, while stressing the strengthening and development of strategic ties between Iran and China. He also viewed the proposal from the President of the People's Republic of China regarding the restoration of peace and stability in the region as constructive.
One of the key issues discussed and agreed upon by the parties during the meeting was the development of trade and economic relations, as well as creating the necessary conditions for establishing a joint committee on economic cooperation by the end of the current year. It was decided that experts from both countries would take the necessary steps in this direction.
Ambassador Kong Peiwu previously noted in an article for the Tehran Times on June 22 that China recently released a 'White Paper' titled 'A More Just and Equitable Global Governance: China's Principles, Proposals, and Actions.' Foreign Minister Wang Yi detailed this document at a press conference. The ambassador expressed a deep conviction that China's principles and proposals for global governance strongly resonate with the ancient cultural traditions, foreign policy orientation, and aspirations of the Iranian people.
The article details four foundations of alignment between China and Iran based on this 'White Paper': firstly, countering unilateral hegemony, as both nations reject the 'law of the jungle,' unilateral sanctions, and military coercion, supporting Iran's sovereignty and territorial integrity, and advocating for international law and UN-centered dialogue. Secondly, promoting the Global South, where China and Iran, as key members of the Global South (including through SCO and BRICS), work to amplify the voice of developing countries in world affairs by integrating 'southern power' into governance reforms. Thirdly, developing civilizational dialogue, rooted in the ancient Silk Road connections, where both countries support mutual study of civilizations, as well as the UN-recognized Initiative for Global Civilization and International Day of Civilizations Dialogue. Fourthly, implementing the Global Governance Initiative (GGI), with Iran being one of the early proponents and founders of the GGI Friends Group, and both sides commit to embodying the GGI principles (sovereign equality, rule of law, multilateralism, human-centricity, and concrete actions) in practical cooperation.
In conclusion, the 55th anniversary of diplomatic relations is noted, and the parties call for increased coordination to build a fairer system of global governance and a community with a common future for humanity.
India will provide support in the development of Electronic Voting Machines (EVMs) specifically for Indonesia. This move demonstrates high confidence in India's election management system. The visit of Prime Minister Narendra Modi to Jakarta is expected to yield important strategic results in defense, critical minerals, and maritime cooperation.
According to sources, Indonesia will independently develop its EVMs with India's participation. Furthermore, both countries intend to deepen cooperation in the field of critical minerals. India plans to invest in the production of magnets from nickel, steel, and rare earth elements in Indonesia to strengthen supply chain resilience for strategic industries.
Another key focus of the visit was maritime cooperation. Sources reported that India and Indonesia will jointly work on developing Sabang port, which has a strategic location, opens onto the Malacca Strait, and is approximately 100 miles from India's Great Nicobar Port project. Prime Minister Narendra Modi met with Indonesian President Prabowo Subianto at Istana Merdeka, the presidential palace in Jakarta, where after signing the guest book, they held bilateral talks.
The Ministry of Foreign Affairs noted that the visit marks a significant stage in advancing the Comprehensive Strategic Partnership between India and Indonesia, opening new opportunities for interaction in priority sectors and strengthening deep trust and friendship between the two nations. Prime Minister Modi thanked President Prabowo for the warm reception. Modi arrived in Jakarta on Monday for a three-day state visit, receiving a ceremonial reception, including an escort by a fighter jet in Indonesian airspace and a personal reception from President Prabowo at the airport. This is the fourth visit of Prime Minister Modi to Indonesia and the first bilateral visit since the elevation of relations between the two countries to a Comprehensive Strategic Partnership in 2018. The parties plan to further strengthen cooperation in defense, maritime security, trade, and strategic sectors during the visit.
