The Indonesian Chamber of Commerce and Industry (Kadin) is intensifying its focus on economic diplomacy to secure foreign investment and expand international trade, according to Kadin Chairman Anindya Bakrie. During a June 12 event in Jakarta, officials highlighted a shift toward direct private sector participation in state-led trade efforts, citing recent business-to-business agreements with France as a model for future international partnerships.
The France-Indonesia High-Level Business Council was formed following President Prabowo Subianto’s recent state visit to France. The council represents corporate entities with a combined market capitalization of US$1.3 trillion.
How private-public synergy drives investment
Kadin is moving to integrate the private sector directly into diplomatic missions to boost national economic interests. Chairman Anindya Bakrie stated that this collaborative approach was exemplified during the recent presidential visit to France, which yielded US$3.5 billion in new business agreements. This capital adds to an existing US$11 billion commitment secured during French President Emmanuel Macron’s visit to Indonesia last year.
The strategy of linking state-level diplomatic visits with high-value business-to-business (B2B) agendas represents a shift in how Indonesia manages its foreign economic relations. By formalizing these ties through high-level councils, the government is attempting to ensure that state-level agreements translate into long-term, tangible corporate partnerships.
What happens next for Indonesian exporters
To capitalize on these diplomatic ties, Kadin is scaling up practical support for domestic firms. The organization is expanding its “We Buy From Indonesia” campaign to help local products enter global supply chains. Additionally, the Kadin Export Academy is increasing its training operations to help local businesses navigate the requirements of competitive international markets.
Government stance on economic partnerships
Foreign Minister Sugiono, who served as the keynote speaker at the June 12 forum, confirmed that economic diplomacy remains a constitutional priority for the government. He emphasized that Indonesia is open to international partnerships, provided they are built on mutual respect and benefit the public welfare. According to the Foreign Minister, the sustained interest from foreign investors serves as a indicator of global confidence in the country’s long-term economic trajectory.
Frequently Asked Questions
What is the primary goal of the new France-Indonesia High-Level Business Council?
The council serves as a long-term collaborative forum for enterprises from both nations to facilitate business agreements and investment.
What initiatives is Kadin currently using to support international trade?
Kadin is expanding the “We Buy From Indonesia” campaign to integrate local products into global supply chains and is scaling up the Kadin Export Academy to train businesses for foreign markets.
What criteria does the government require for new economic partnerships?
Foreign Minister Sugiono stated that partnerships must adhere to the principles of mutual respect and mutual benefit to improve the prosperity of the Indonesian people.
How do you think these direct private-sector partnerships will impact the competitiveness of local businesses in the global market?
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