Thu, 21 Jan 2010
TEMPO Interactive, Jakarta:Investments made by China in Indonesia have increased following the implementation of the ASEAN-China Free Trade Agreement (FTA) earlier this year.

“The average investment has been US$ 50 million per year from 2005 until 2009," said Industry Minister M.S. Hidayat.

This was conveyed during a hearing between the Commission VI for Trade, Industry, State-owned enterprises, Small and medium-scale businesses and Investments, the House of Representatives (DPR) and the ministers for the economy regarding the ASEAN-China Free Trade Agreement (FTA)

Before the FTA, Hidayat said, China’s investments to Indonesia were US$ 16 million per year from 2000 until 2004.

The investments included the textile, wood, basic chemical, food, metal, and transportation industries.

EKA UTAMI APRILIA



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