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At the meeting in Bali, Indonesian President Joko Widodo and leaders of the International Partners Group (IPG) launched the Just Energy Transition Partnership (JETP). In addition to Germany, the IPG includes the United States, Japan, Denmark, the European Union, France, the United Kingdom, Italy, Canada and Norway. On the basis of this partnership, Indonesia intends to create an investment plan to achieve its ambitious climate protection goals. This makes Indonesia, the world’s fourth most populous country, a highly relevant buyer of energy and industrial technology as well as a potential customer for exhibiting companies at HANNOVER MESSE.

With an economic growth rate of over five percent, Indonesia is on the road to recovery following the pandemic. The main reason for this is the high price of raw materials: Coal, palm oil, nickel and rubber from Indonesia are in some cases fetching record prices on world markets. However, Indonesia’s goal is to attract more labor-intensive manufacturing to the country. Following the liberalization of investment as well as labor law, international investors now have a greater scope of action.

Indonesia will take advantage of its presence at HANNOVER MESSE to attract more business from abroad. More than 150 Indonesian companies are already committed to exhibiting at the world’s leading industrial trade fair.