Fri, 16 May 2008
Jakarta (ANTARA News) - The Indonesian government hopes that China will increase its investment in Indonesia which so far only accounts for 0.3 percent of the total foreign investments in the country, a minister said.

"We hope that China which has a high economic growth will increase its investment in Indonesia so that it will contribute to Indonesia`s economic growth," Industry Minister Fahmi Idris told an Indonesia-Chinese Business Forum here on Thursday.

He said that of the total investments of US$10.3 billion realized in 2007, China only contributed 0.3 percent.

China has become an important trading partner for Indonesia. Chinese non-oil and gas commodities accounted for 15 percent of Indonesia`s total non-oil and gas commodity imports in 2007, the minister said.

He said that Indonesia`s non-oil/gas exports to China was still smaller than its exports to Japan which accounted for 15 percent of its total exports.

"Indonesia`s non-oil/gas exports to China only accounted for seven percent of its total exports. Seeing the potentials both countries have, I am convinced both nations still have ample chances to increase their economic cooperation," Fahmi said.

He also called on Chinese businesses to make Indonesia a basis for their business operations in and to make use of the ASEAN-China Free Trade Area.

"The China-Indonesia partnership will contribute to the freer and more open flow of trade and investment in Asia-Pacific region," he said.

Indonesian Ambassador to China Sudradjat said that the Chinese government was encouraging its businesses to invest overseas.

He predicted Chinese investments that were flowing overseas accounted for about US$80 billion, and it would continue to increase to US$200 billion in the coming 5 to 10 years.

"That is an opportunity we are paying attention to so that we are inviting a Chinese delegation to Indonesia," he said.

Sudrajat said most of the Chinese investors were first timers to come to Indonesia so that they needed facilities and services to realize their investments.

Therefore, he called on regional administrations to provide facilities for the Chinese investors. The delegation was composed of Chinese investors in the fields of oil and gas, automotive, audio video and its components, forestry, fishery, agriculture, construction, infrastructure and multifarious industry.(*)



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