Image: AP Photo/Burhan Ozbilici
President Joko Widodo's last visit to Turkey resulted in $520 million of investment agreements.
The amount comes from two agreements. The first is through the signing of Memorandum of Agreement (MoU) between PT PAL Indonesia and Turkish energy and shipping company Karadeniz Holding worth $320 million.
The rest $200 million comes from the MoU between Turkish Aerospace Industry and PT Dirgantara Indonesia.
The agreement includes the making of four power plants with capacity of 36 MW to 80 MW, said Head of Investment Coordinating Board (BKPM) Thomas Lembong.
This agreement is based on governments desire to support the providing of electricity in remote areas as well as reaching the 35,000 MW of electricity production target.
We have agreed to increase the cooperation of submarines and trucks manufacturing, Jokowi said, related to the agreement of Turkish Aerospace Industry and PT Dirgantara Indonesia.
Jokowis visit also results in other agreement related to defense, trading, and counter terrorism.
I welcome this real result of defense industry cooperation, inter alia, the launch of middle class tank Kaplan produced by Indonesia and Turkey, Jokowi said.
For trading and investment, Indonesia-Turkey Comprehensive Economic Partnership Agreement (IT-CEPA) has also been signed.
We have agreed to restore the positive trends of trading and investment, inter alia, through Indonesia-Turkey Comprehensive Economic Partnership Agreement (IT-CEPA) negotiation. Then, reducing or terminating trade barriers and creating conducive investment climate. Jokowi continued.
Jokowi also mentioned both countries have agreed in increasing cooperation in terms of counter terrorism.
Indonesia and Turkey have agreed to increase cooperation, especially related to Foreign Terrorist Fighters, through cooperation in intelligence information and also building IT system in the field of intelligence to ease our cooperation in eradicating terrorism.
President Jokowi flew to Turkey on Wednesday before attending G20 meeting in Germany.
This visit was a return visit after Turkish President Recep Tayyip Erdogan visited Jakarta in 2015.
(brl/red)
