US-ASEAN Business Council Praise Indonesia’s Investment Climate
US-ASEAN Business Council Praise Indonesia`s Investment Climate
Representatives of the US-ASEAN business council kicked-off their three-day visit to Indonesia by meeting President Joko Widodo (Jokowi) at the Merdeka Palace today, March 13. The US-ASEAN business council president Alexander C. Feldman brought 41 major enterprises in this visit.
“The president was happy to accept us. We talked about our experience on industries in the U.S. and discussed the changes in Indonesia,” said Alexander at the presidential palace complex in Jakarta on Tuesday, March 13.
The enterprises he invited come from numerous sectors such as gas, technology, health, up to tourism; “They are Procter and Gamble, Axa, Coca-Cola, Expedia, Cigna, Apple, and Amazon,” said Feldman.
Feldman hopes that he would meet president Jokowi’s expectation who requested the US-ASEAN business council to increase its investment in Indonesia. Furthermore, he said that the council would also assist Indonesia by promoting the archipelago as a land of investments to other enterprises in the U.S.
Meanwhile, Trade Minister Enggartiasto Lukita said that the council appreciated the ease of doing business policy and the continuously growing investment climate in Indonesia. The US-ASEAN business expressed its commitment to improving Indonesia’s business and investments.
The US ambassador suggested Indonesia create a system that treats foreign companies fairly and provides regulatory certainty for all market movers.
Donovan revealed that the US government has invested more than Rp1 trillion in the Indonesian e-commerce sector. With such a substantial investment value, the e-commerce sector is expected to improve the transportation availability, open accesses to education, reduce traffic congestion, and help with the development of micro, small, and medium businesses.