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Tuesday, November 19th, 2019

INDONESIA, US-ASEAN COUNCIL MEET TO PROMOTE INVESTMENT

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by March 14, 2018 Medical and Health

JAKARTA, The US-ASEAN Business Council and President Joko Widodo (Jokowi) met here Tuesday to discuss increase US investment in the Southeast Asian region, including Indonesia.

“Our mission is to facilitate the United States to increase investment in Southeast Asia, mainly Indonesia,” the councils president, Alexander C. Feldman, stated after attending the meeting at the Merdeka Palace here.

The council will continue to seek available investment opportunities from the United States in Indonesia, Feldman said.

Feldman lauded the efforts of the Indonesian government, whose ease of doing business ranking issued by the World Bank and other rating agencies, had improved.

He also pointed out that the local regulations and limited information were still posing a challenge for investors.

However, Feldman admitted that the regulations were formulated to protect the interests of local businessmen in Indonesia.

Trade Minister Enggartiasto Lukita remarked that some strategies to attract more investors to the country were also discussed during the meeting.

“Our discussions were fruitful. They (the council) have expressed commitment to continue working with the (Indonesian) government,” Lukita said.

The minister stated that the president had shared some updates on Indonesias economic reforms and deregulation programs to boost investment.

Lukita emphasized that the council had confirmed that the US investors harbored a positive view of Indonesia.

The US-ASEAN Business Council will also organize a three-day meeting this month that will bring together some 41 US companies and stakeholders in Indonesia.

Source: NAM News Network

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