The government’s recently announced third economic-policy package, which deregulates a number of areas across the investment sector, has been applauded by several foreign-investment associations.
One such positive response has come from EuroCham, the main association of investors representing European countries, which has expressed its full support for the setof stimulus measures to be rolled out by the Widodo Administration. EuroCham is a non-governmental organization that oversees the investment activities of European Union (EU) member states, especially as they pertain to government policies and advocacies.
According to EuroCham, the government’s third package adopts a laudable approach to the handling of several inter-sector issues, including the trade, industry, and investment sectors. In a press release obtained by Hukumonline, the Head of the Indonesia Investment Coordinating Board (BKPM), Franky Sibarani, further explained that EuroCham was delighted by the amount of information that was being made available by the government.
“EuroCham really appreciates the government’s efforts to embrace the business sector, including our establishment of a special investment division,” asserted Mr. Sibarani.
The Chairman of EuroCham, Ulf Backlund, has also suggested that in order to further improve the investment climate in Indonesia, several regulations should also be revised, including regulations pertaining to employment, standardization, and issues of halal certification. Revising these regulations, Mr. Backland believes, will offer greater certainty and security for investors, thus increasing their willingness to invest in Indonesia.
“We believe that the EU’s contribution of around 13.19% in total foreign direct investment (FDI) realization in Indonesia in 2014 means that it has become one of Indonesia’s largest sources of investment, right behind ASEAN,” asserted Mr. Backlund.
Europe is currently Indonesia’s third-largest contributor, in terms of global investment. Indeed, the EU’s FDI, outside of the oil and gas sector, has increased by 35% annually over the last five years, from USD 1.3 billion in 2010 to USD 3.9 billion in 2014. Moreover, during the first semester of 2015, investment realization from European nations amounted to some USD 1.2 billion.
With this huge investment in mind, EuroCham, EU Division, and the BKPM have organized a series of investment briefing events, which are also being supported by representatives from the Ministry of Employment, the Ministry of Industrial Affairs, and the BKPM’s Directorate of Deregulation. Aside from representatives from the Indonesian government, these events also have the full support of various European institutions across Indonesia.
The investment briefings are being organized via the BKPM’s newly established EU Division, which is aiming to help investors from EU countries become better acquainted with Indonesia’s investment sector and its processes. The EU Division boasts a mixed Indonesian and European advisory board and is working closely with the BKPM.
Concluding his statement, Mr. Sibarani further affirmed his institution’s intention to cooperate with strategic institutions and business associations in order to support the government’s bid to maintain investment interest in Indonesia. Mr. Sibrani also stated that the country’s relationships with its strategic partners had to be well maintained in order to fully realize invest potential.
The government’s recently announced third economic-policy package, which deregulates a number of areas across the investment sector, has been applauded by several foreign-investment associations.
One such positive response has come from EuroCham, the main association of investors representing European countries, which has expressed its full support for the setof stimulus measures to be rolled out by the Widodo Administration. EuroCham is a non-governmental organization that oversees the investment activities of European Union (EU) member states, especially as they pertain to government policies and advocacies.
According to EuroCham, the government’s third package adopts a laudable approach to the handling of several inter-sector issues, including the trade, industry, and investment sectors. In a press release obtained by Hukumonline, the Head of the Indonesia Investment Coordinating Board (BKPM), Franky Sibarani, further explained that EuroCham was delighted by the amount of information that was being made available by the government.
“EuroCham really appreciates the government’s efforts to embrace the business sector, including our establishment of a special investment division,” asserted Mr. Sibarani.
The Chairman of EuroCham, Ulf Backlund, has also suggested that in order to further improve the investment climate in Indonesia, several regulations should also be revised, including regulations pertaining to employment, standardization, and issues of halal certification. Revising these regulations, Mr. Backland believes, will offer greater certainty and security for investors, thus increasing their willingness to invest in Indonesia.
“We believe that the EU’s contribution of around 13.19% in total foreign direct investment (FDI) realization in Indonesia in 2014 means that it has become one of Indonesia’s largest sources of investment, right behind ASEAN,” asserted Mr. Backlund.
Europe is currently Indonesia’s third-largest contributor, in terms of global investment. Indeed, the EU’s FDI, outside of the oil and gas sector, has increased by 35% annually over the last five years, from USD 1.3 billion in 2010 to USD 3.9 billion in 2014. Moreover, during the first semester of 2015, investment realization from European nations amounted to some USD 1.2 billion.
With this huge investment in mind, EuroCham, EU Division, and the BKPM have organized a series of investment briefing events, which are also being supported by representatives from the Ministry of Employment, the Ministry of Industrial Affairs, and the BKPM’s Directorate of Deregulation. Aside from representatives from the Indonesian government, these events also have the full support of various European institutions across Indonesia.
The investment briefings are being organized via the BKPM’s newly established EU Division, which is aiming to help investors from EU countries become better acquainted with Indonesia’s investment sector and its processes. The EU Division boasts a mixed Indonesian and European advisory board and is working closely with the BKPM.
Concluding his statement, Mr. Sibarani further affirmed his institution’s intention to cooperate with strategic institutions and business associations in order to support the government’s bid to maintain investment interest in Indonesia. Mr. Sibrani also stated that the country’s relationships with its strategic partners had to be well maintained in order to fully realize invest potential.