Improve Trade and Economic ties; Indonesia and Japan Sign Amendment to IJEPA Protocol
Japan's Tokyo "We hope that businesses can utilise the IJEPA agreement promptly to support the economic growth and prosperity of both countries," stressed Minister of Trade Zulkifli Hasan along with Japanese Foreign Minister Yoko Kamikawa on Thursday, August 8, during the signing of the Indonesia-Japan Economic Partnership Agreement (IJEPA) Protocol Amendment. This strategic economic agreement covers a number of important areas related to trade relations between Japan and Indonesia. The agreement's improvement of Indonesian export goods' market access to Japan across 112 tariff lines—including processed fisheries products—is one of its main features. It is anticipated that this will make Indonesian companies more competitive with respect to rivals. The agreement offers prospects for enhanced collaboration in the banking industry and trade via electronic systems, support for small and medium-sized enterprises (SMEs) in leveraging digital platforms and marketplace