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“I’ve a view that this partnership ought to give attention to the longer term economic system, specifically digital and sustainable inexperienced economic system. The potential of the digital economic system and inexperienced economic system sector is large,” he stated whereas becoming a member of the twenty second ASEAN-Republic of Korea Summit just about from the Bogor Presidential Palace, West Java, on Tuesday.
ASEAN’s digital economic system potential is estimated to achieve US$200 billion by 2025, whereas the inexperienced economic system alternatives within the Southeast Asia area will attain US$1 billion in 2030, he famous.
“Alternatively, the Korean Deal undertaking, which incorporates digital and inexperienced economic system, is price US$144 billion till 2025. The digital market potential in Korea is estimated to achieve US$236 billion by 2030 and contribute 13 % to the gross home product,” the President stated.
Associated information: Indonesia: Assist protected, transformative digital ecosystem in ASEAN
He then invited ASEAN nations and the Republic of Korea to give attention to supporting a conducive setting for policy-making for the event of a inexperienced and digital economic system, establishing a very good ecosystem, increasing funding, and supporting expertise switch, analysis and growth within the two sectors.
The ASEAN-Korea partnership is anticipated to additional strengthen concrete cooperation in numerous fields, specifically infrastructure and inexperienced trade, clear power, new renewable power, power effectivity, electrical automobiles, financial digitization, together with MSMEs (micro, small, and medium enterprises), and well being providers, he stated.
“This collaboration will present that decarbonization actions can go hand in hand with financial growth. The win-win paradigm shouldn’t be zero-sum,” Widodo remarked.
“ASEAN and Korea’s partnership within the digital and inexperienced economic system can’t solely speed up financial restoration but in addition preserve the sustainability of our planet for future generations,” he added.
Associated information: Indonesia’s digital economic system development highest in ASEAN: Bekraf
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