Indonesia re-elected IMO council member

Jakarta Indonesia has been re-elected as a category C member of the International Maritime Organization (IMO) Council for the 2022-2023 term.

“The re-election of Indonesia as an IMO council member reflects the world’s recognition of its existence in the international maritime sector,” Transportation Minister Budi Karya Sumadi said in a written statement released on Saturday.

Indonesia was re-elected following a vote conducted at the IMO headquarters in London on Friday, he informed.

The IMO currently has 175 member states, 40 of which are members of the IMO council under categories A, B, and C, Sumadi said.

Category A comprises 10 member states representing the largest international commercial shipping fleets as the largest providers of international sea transportation services.

Category B is made up of 10 member states representing the largest interests in the international seaborne trade. Category C has 20 member states representing special interests in sea transportation or navigation and representing all of the world’s main geographical regions.

The re-election of Indonesia as an IMO council member has offered a chance to the country to take part in formulating IMO policies, which have a significant influence on the maritime sector, Sumadi said.

Meanwhile, acting Director General of Sea Transportation at the Transportation Ministry Arif Toha said the election of IMO council members for 2021 was conducted through a secret ballot, the same voting system used in the previous years.

“Alhamdulillah (Thank God), this year, through heavy struggle, we managed to vie for 20 seats, bearing in mind that the competition was quite tight. In 2019, we competed with 24 countries, while this year, 27 countries nominated themselves for (IMO council membership),” he added.

Source: Antara News

Blinken Attends G-7 Meeting Amid Rising Tensions With Russia, China, Iran

LIVERPOOL, ENGLAND — U.S. Secretary of State Antony Blinken is attending talks that began Saturday among Group of Seven foreign ministers in Liverpool, with a call from British Foreign Secretary Liz Truss to unite against authoritarianism.

The appeal from Truss came as ministers from the world’s wealthiest democracies, informally known as the G-7, discuss Russia’s build-up of troops along the border it shares with Ukraine, containing Iran’s nuclear ambitions and addressing the military’s seizure of Myanmar.

“We need to come together strongly to stand up to aggressors who are seeking to limit the bounds of freedom and democracy,” Truss said as she opened the two-day session without mentioning specific countries.

The top U.S. diplomat met Friday with Truss and their counterparts from France and Germany and discussed how to advance the Iran nuclear talks. Blinken meets separately Saturday with the foreign ministers of Japan, Italy and Australia.

Blinken will also have a series of in-person meetings with foreign ministers from the Association of Southeast Asian Nations (ASEAN) as part of a December 9-17 trip that also will take him to Indonesia, Malaysia, Thailand and Hawaii.

Blinken’s trip is part of a U.S. effort to further advance its “strategic partnership” with ASEAN as President Joe Biden’s administration aims to begin a new “Indo-Pacific economic framework” in early 2022.

This marks the first time ASEAN countries were included in the G-7 foreign and development ministers’ meeting, being held in Liverpool.

The top diplomats are discussing China’s efforts to increase its influence in the Indo-Pacific region, as well as Russia’s troop buildup in Ukraine and the global coronavirus pandemic.

In Jakarta, Indonesia next week, Blinken will deliver remarks on the significance of the Indo-Pacific region and underscore the importance of the U.S.-Indonesia Strategic Partnership.

“The secretary will have an opportunity to discuss the president’s newly announced Indo-Pacific economic framework,” Daniel Kritenbrink, the State Department’s assistant secretary for East Asian and Pacific Affairs, told reporters in a call briefing. “President Biden is committed to elevating U.S.-ASEAN engagement to unprecedented levels,” he added.

Indonesia is the world’s most populous Muslim majority nation. Kritenbrink told VOA on Wednesday that Blinken will attend a vaccine clinic hosted by the largest faith-based nongovernmental organization in Indonesia.

Blinken then heads to Malaysia and Thailand, where he will attempt to advance U.S. ties and address shared challenges, including fighting COVID-19, building resilient supply chains, dealing with the climate crisis, and ensuring a free and open Indo-Pacific region.

The State Department said Blinken will “address the worsening crisis” in Myanmar in each country during his lengthy trip. The military in Myanmar, formerly known as Burma, seized power in a February coup, overthrowing the civilian government.

U.S. officials had indicated the new Indo-Pacific economic framework would include broad partnerships with nations in the region in critical areas such as the digital economy and technology, supply chain resiliency, and clean energy.

“The Indo-Pacific region is a critical part of our economy. It’s not just that it accounts for over half of the world’s population and 60% of global GDP” (gross domestic product), Jose Fernandez, undersecretary of state for economic growth, energy and the environment, said in a recent briefing.

“Seven of the top 15 U.S. export markets are in the Indo-Pacific. Two-way trade between the U.S. and the region was over $1.75 trillion,” he added.

There are, however, concerns that the U.S. is lagging behind China in deepening economic and strategic ties with ASEAN.

“ASEAN countries want more from Washington on the economic side, but the Biden administration’s proposed Indo-Pacific economic framework is likely to fall short of their expectations,” said Susannah Patton, a research fellow in the foreign policy and defense program at the United States Studies Center in Sydney.

“After RCEP enters into force, there will be two megatrade pacts in Asia: RCEP and CPTPP, and the United States is in neither,” said Patton, referring to the Regional Comprehensive Economic Partnership and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.

“China’s application to join CPTPP, a vehicle that was designed to promote U.S. economic ties with Asia, highlights Washington’s absence,” Patton told VOA Wednesday. Signed in 2018, the CPTPP is a free-trade agreement between Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, Peru, New Zealand, Singapore and Vietnam.

In November 2020, 10 ASEAN member states and five additional countries (Australia, China, Japan, South Korea and New Zealand) signed the RCEP, representing around 30% of the world’s GDP and population. RCEP will come into force in January.

Others said the new Indo-Pacific economic framework appears to be not just about traditional trade, as Washington is signaling strategic interests in the region.

Source: Voice of America

E-commerce transaction value to reach Rp530 trillion in 2022: BI

Jakarta Indonesia’s e-commerce transaction value is projected to reach Rp530 trillion (around US$37.1 billion) in 2022 and exceed the earlier forecast of Rp403 trillion (around US$28.2 billion) in 2021, Bank Indonesia’s (BI’s) Governor Perry Warjiyo stated.

“Our e-commerce transaction value has outgrown our earlier forecast owing to the market’s great potential,” Warjiyo stated at the 3rd Indonesia Fintech Summit 2021 in Jakarta on Saturday.

The governor reiterated the central bank’s commitment to driving improvement in four areas to support achievement of the forecasted value and maximise the potential offered by the e-commerce sector.

The governor remains committed to boosting the development of infrastructure, including of transportation and logistics, to ensure nationwide coverage of digital infrastructure and access.

“While I laud parties that invest in digital infrastructure, I also remind everyone that improvements are deemed necessary in physical connectivity and logistics access,” he remarked.

Improvement in infrastructure of the digital ecosystem, including the digital banking system, financial technology system, and e-commerce infrastructure, was the second area of focus highlighted by Warjiyo.

Integration of the three systems is a must, the governor remarked, adding that the financial technology system is dependent on the digital banking infrastructure as its backbone, and e-commerce plays its role in expanding its user reach.

The central bank has applied reform in the payment system, being the third area to be improved to boost the e-commerce transaction infrastructure in Indonesia, he affirmed.

Warjiyo reiterated the need to enhance digital literacy among residents, so they develop an understanding of digital products and transaction risks while utilising financial technology facilities.

Digital literacy will also allow residents to utilise a secure financial technology facility to benefit the national economy, the governor noted.

Source: Antara News

G20 agendas to have multiplier effect on Indonesia’s economy: official

Badung, Bali The agendas for Indonesia’s G20 Presidency will have a multiplier effect on the national economy, an official from the Coordinating Ministry for Maritime Affairs and Investment has said.

“Our national economy, social, and political sector would be directly, or indirectly, advantaged by the multiplier effect,” the ministry’s deputy for tourism and creative economy communication department, Odo RM Manuhutu, said at a media briefing on the G20 Summit in Badung, Bali, on Saturday.

Besides benefiting the local industry that could promote its products to delegates at the G20 events, the summit will also enhance the global community’s trust in Indonesia, he added.

“We expect the ‘Recover Together, Recover Stronger’ theme promoted for Indonesia’s G20 Presidency to reflect positive impacts presented by G20 events in the country,” Manuhutu remarked.

Indonesia’s G20 Presidency agendas will comprise more than 150 meetings and summits hosted in 18 Indonesian cities from December 1, 2021, to November 2022, with Bali designated as the main host, he informed.

Indonesia will focus on three strategic issues of digital transformation, healthcare, and post-COVID-19 global recovery while presiding over the G20, he noted.

Source: Antara News

Indonesia’s digital economy largest in value in SE Asia: Indrawati

Jakarta Indonesia’s digital economy is the largest in value in Southeast Asia with the total gross merchandise value (GMV) reaching US$70 billion, Finance Minister Sri Mulyani Indrawati has said.

“We all understand that we have tremendous potential,” the minister said at the 3rd Indonesia Fintech Summit 2021 here on Saturday.

According to research by Google, Temasek, and Bain & Company, digital payments will continue to grow strongly in Indonesia, with gross transaction value expected to reach US$1.2 trillion in 2025, she noted.

Digital payments dominate the financial technology (fintech) industry in Indonesia, in addition to peer-to-peer (P2P) lending, which, in recent years, has continued to increase, both in terms of the number of borrower accounts, lenders, and the total loan nominal, she added.

Source: Antara News

Indonesia, Greece to step up cooperation in tourism, creative economy

Jakarta Officials from the Ministry of Tourism and Creative Economy met with the Ambassador of Greece to Indonesia, Apostolos Baltas, to discuss the potential enhancement of tourism and creative economy cooperation between both countries.

Minister of Tourism and Creative Economy, Sandiaga Uno, and the Ambassador of Indonesia to Greece, Bebeb AKN Djundjunan, also attended the meeting, which took place on Friday (December 10, 2021).

“I am fascinated by how the tourism sector in Greece is attracting 30 million visitors annually, and they even successfully attracted more than two million tourists in a month despite the COVID-19 pandemic,” Uno said in a press statement issued on Saturday.

Greece, a country with abundant cultural and historical attractions, has been a popular tourism destination in Europe since the 1970s, the minister noted, adding that Indonesia has equal cultural and native customs and creative economic aspects that could boost tourism in the country.

He reiterated the ministry’s determination to recover the national tourism and creative economy amidst the economic fallout of the COVID-19 pandemic.

The minister expressed confidence that Greece would share its secret to attracting tourists with Indonesia, and that both countries would conceive a joint program on tourism activity and promotion, as well as tourism industry capacity improvement.

“I welcome Greek tourists to Indonesia, and I invite them to visit exotic places and eco-tourism spots that we offer. We also hope that Indonesia is permitted to organize events in Greece to support the domestic creative economy in music and performing arts sectors,” Uno said.

Meanwhile, the Greek ambassador also expressed his enthusiasm for the potential enhancement of bilateral cooperation between Indonesia and Greece, particularly in the tourism and creative economy sectors.

“We are convinced that the bilateral cooperation on the tourism and creative economy will have a very good prospect. I am committed to exerting my best ability for the success of this bilateral cooperation scheme,” Baltas said.

Source: Antara News