Indonesia`s Improved Investment Climate Appreciated

20 Februar, 2011 | Source: Kompas Online

United States businessmen appreciate the improved investment climate and the removal of many investment barriers in Indonesia. The appreciation was expressed by members of a US-ASEAN Economic Cooperation Council delegation at a meeting with President Susilo Bambang Yudhoyono at his office here on Friday.

Photo: A ship is loaded with containers as it berths at the Tanjung Priok port in Jakarta August 12, 2010. Indonesias state port firm will start building a new container terminal in Jakarta this year to cope with overflowing volumes at the main shipment hub in Indonesias capital as trade grows.

"They appreciated Indonesia’s progress in investment services and the elimination of investment barriers," Coordinating Minister for Economic Affairs Hatta Radjasa said after accompanying President Yudhoyono at a meeting with the US-ASEAN delegation.

Hatta said they also expressed a commitment to increasing their investment in Indonesia.

"This is a follow-up to last year’s visit by US President Barack Obama who said at the time that his country wanted to be the largest investor in Indonesia and ASEAN," he said.

In relation with Indonesia’s development strategy on the environment, President Yudhoyono asked the US investors to develop agriculture technology and clean energy in their business activity in Indonesia.

"Another thing the president said was that they were expected to develop food and energy through their investment," Hatta said.

Meanwhile, Trade Minister Mari Elka Pangestu said the US-ASEAN Trade Cooperation Council also supported the achievement of maximum results in the economic field in ASEAN cooperation.

Mari added that there would be an economic session in the ASEAN Summit and East Asia Summit in Bali next November which will also be participated in by members of the US-ASEAN Economic Cooperation Council.




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