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China dominates Indonesia fisheries foreign direct investment
Indonesia racked up Rp 1.4 trillion (US$88.9 million) in FDI in the fisheries sector last year with China contributing Rp 370.74 billion, over 26 percent of the total, followed by Malaysia with Rp 240.47 billion and Switzerland with Rp 152.89 billion.
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Ebb and flow: Traders sort their catches at the Muara Angke Wholesale Fish Market in North Jakarta on Jan. 23, 2021. The period between December and January is a low fishing season, but fishermen and traders know that these difficult times will not last. (JP/Ricky Yudhistira)
C
hina contributed the most foreign direct investment (FDI) in Indonesia’s maritime and fisheries sector last year, the Maritime Affairs and Fisheries Ministry said on Monday.
Indonesia racked up Rp 1.4 trillion (US$88.9 million) in FDI in the fisheries sector last year with China contributing Rp 370.74 billion, over 26 percent of the total, followed by Malaysia with Rp 240.47 billion and Switzerland with Rp 152.89 billion.
In total, the country saw Rp 9.56 trillion of investment in the fisheries sector last year, including domestic investment and loans.
"The worldwide seafood market is projected to rise by 8.92 percent. This growth [in the global seafood market] will create opportunities for the industry and business stakeholders," Maritime Affairs and Fisheries Minister Sakti Wahyu Trenggono said in a press conference.
Fish processing contributed the lion’s share with Rp 3.65 trillion, followed by aquaculture at Rp 2.6 trillion, marketing (Rp 1.95 trillion), fishing (Rp 1.18 trillion) and fishery services at Rp 186.51 billion.
China has been locked in dispute with its neighboring countries as its official map reiterates its claims to areas internationally recognized as belonging to others, including several ASEAN member states, India and Russia.
Read also: ASEAN falls silent on South China Sea
