US firms view Indonesia as potential regional hub

18 January, 2019 | Source: Antara News

US companies perceive Indonesia as a potential regional hub for conducting their business and trade, Indonesia`s Trade Minister Enggartiasto Lukita stated.

"With inflation under control and the increased level of ease of doing business, they (the US companies) have seen Indonesia`s potential as a regional hub," Lukita noted after the Indonesia-US business meeting forum here on Thursday.

Moreover, he remarked that with the Regional Comprehensive Economic Partnership (RCEP) negotiations among ASEAN members and six partner countries -- China, Japan, South Korea, Australia, India, and New Zealand -- the US companies did not want to miss out on the opportunity.

Earlier in the day, the minister met with some representatives of US companies that have expressed keen interest to increase their market shares in Indonesia.

The meeting also doubled up as a business-matching forum between Indonesian and US businessmen.

"At the meeting, we elaborated on the ease of investment (in Indonesia) and our open market," he stated.

Meanwhile, the ministry`s Director General for National Export Development Arlinda noted that both countries have shared the same commitment to increasing bilateral trade.

"Indonesia and the United States have the same commitment to enhance bilateral trade," Arlinda remarked.

Indonesia has enjoyed US$9.7 billion of surplus in bilateral trade, with total trade of $25.92 billion in 2017.

Trade value during the past five years has shown a positive trend of 0.39 percent.

In 2017, the United States was the second-largest destination country for Indonesian non-oil/gas exports after China, with $17.1 billion of exports during the period.

Indonesia`s main export products to the United States comprised shrimp, natural rubber, footwear, tires, and women`s garments.


Indonesia′s state-owned enterprise producing military and commercial products, PT Pindad, has planned to develop Anoa 3 panzer to be known as Anoa desert, which would then be exported to Middle East countries.
Indonesia′s delegation and other Council of Palm Oil Producing Countries (CPOPC) members have steadfastly and vehemently expressed their objection to the European Union (EU) over discrimination against palm oil.
At the Alliance for Multilateralism forum held in New York, USA, on April 2, Indonesian Foreign Affairs Minister Retno Marsudi called on international cooperation for the United Nation Security Council.
Indonesian Vice Minister of Foreign Affairs A.M. Fachir voiced the Indonesian government′s steadfast commitment to boosting the nation′s food security and guaranteeing the welfare of farmers.
The government has said Indonesia will accelerate the mandatory use of 30 percent blended biodiesel ( B30 ) in anticipation of the European Union’s move to ban palm oil-based biofuel in its member countries.
The Indonesia-South Pacific Forum (ISPF) held a business event themed "Connecting Peoples for Sustainable Growth" in Jakarta to strengthen Indonesia and the South Pacific countries′ relations.
Address: 1068 Budapest, Városligeti fasor 26. | MAP |
Phone: (+36-1) 413 3800 Fax: (+36-1) 322 8669