Indonesia and China will launch economic zones called China-Indonesia
Economic and Trade Cooperation Zone or CIETCZ. The economic zone will
be launched n Juni 2013.
"Economic cooperation between both countries continue to increase and
we will strengthen our cooperation," Secretary of Communist Party of
Guangxi Province, Peng Qinghua said when receiving Indonesian Ambassador
to China and Monoglia, Imron Cotan who visited Guangxi, May 18 to 20.
Qinghua added that he would visit Indonesia soon to explore investment
opportunities.
In Bekasi, Jawa Barat, both countries will build an economic zone on
area of 500 hectares (ha) and 120 ha of them will be built as an
industrial area. While in Guangxi, China, the industrial location ia
located in southern part of China in Fangchenggang city. Last year, 90
percent of their imports from ASEAN were from Indonesia and 90 percent
of coal in used their power plant in the city was imported from
Indonesia.
Cotan added bilateral trade between Indonesia and China was very
close based on volume of trade, investment, and tourism from 2010 to
2012. "When the project provided comparative advantage, many Indonesian
and Chinese enterpreneurs would interest to invest in both industrial
areas," he said.
Sources :
http://www.republika.co.id/berita/en/jakarta-region-others/13/05/21/mn4a3z-indonesiachina-to-launch-economic-zones
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