COVID-19 pandemic has brought significant challenges to the future of global trade and investment as the need to restrict interpersonal interactions has undermined the interconnectedness that forms the basis global value chains (GVC). Multinational enterprises (MNEs) are under increasing pressure to restructure and diversify their supply chains to ensure survival. The experience of having severe cuts in supplies from China, in addition to the US-China trade wars, companies have been made more aware of the risks of on a single supply source. In order to diversify, many MNEs are looking to Southeast Asia. However, Indonesia was largely bypassed when foreign companies were looking for other locations in 2019. As discussions on GVC restructuring picks up pace and Southeast Asian countries seek to benefit, how can we ensure Indonesia does not miss out again on these opportunities? In this webinar, we will discuss how to ensure Indonesia is not left behind again in GVC restructuring efforts by MNEs and how can we can expand our current linkages and role in the GVC.

Speakers:

Andree Surianta (Center for Indonesian Policy Studies/CIPS):  Regulatory barriers to FDI in pharmaceutical and medical devices in Indonesia – a case study

Ashley Vines (The University of Melbourne): Indonesian investment in Northern Australian agriculture

Siswo Pramono (Policy Analysis and Development Agency, Ministry of Foreign Affairs RI): Economic diplomacy during and post COVID-19