Unsettled JETP and the Possibility of Tighter China-ASEAN Cooperation

By Editorial Team 15/05/2023
ASEAN Flag
Summary

  • Coordinating Minister for Investment and Maritime Affairs Luhut Binsar Pandjaitan called JETP's commitment a "lip service" and gave an ultimatum to stop negotiations if most of the funds offered were in the form of commercial loans at market interest.
  • China is listed as the world's largest renewable investor in green energy, with Southeast Asia being one of its main overseas investment destinations.
  • With ASEAN countries agreeing to build a regional electric vehicle ecosystem, China's influence on the energy transition in Southeast Asia will be even greater.

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