Indonesia’s Investment Coordinating Board (BKPM) has sent representatives to Guangzhou in China and New York in the United States to lure Chinese and American investors to put their money into Indonesia.
The representatives last week spoke to Chinese investors during a seminar hosted by the United Overseas Bank (UOB) during a business forum hosted by the Indonesian consulate.
BKPM regional investment promotion director Nurul Ichwan said the Guangzhou seminar, which welcomed over 120 investors, was an opportunity to sell certain key economic sectors such as tourism, manufacturing, industry and the digital economy.
Nurul also used the opportunity to outline Indonesia’s current business climate and explain the nitty-gritty of doing business in the country.
“The government is committed to simplifying and speeding up business processes to increase foreign investment,” Nurul said as reported by kompas.com. UOB chief economist Suan Teck Kin said that Chinese investments in Southeast Asian countries were increasing thanks to the country’s Belt Road Initiative.
Meanwhile, the New York forum pitched, among others, the tourism, manufacturing, infrastructure and creative economy sectors to over 200 American investors.
The United States is committed to expanding trade and investment ties with Indonesia through the U.S.-Indonesia Comprehensive Partnership and has witnessed measurable progress in the past year.
Indonesia continues to be a top beneficiary of U.S. trade preferences extended under the Generalized System of Preferences, with $1.9 billion worth of goods entering the U.S. market duty free under the program in 2015.