Aussie urged to invest more<\/p>\n
JAKARTA (JP): State Minister of Investment Sanyoto
\nSastrowardoyo told the Australia-Indonesia Business Council
\nyesterday to find ways to resolve problems in trade between the
\ntwo countries to boost their economic relations.<\/p>\n
"Dialogs and meetings like this one are very important to
\nharmonize our perception in trade to face challenges in the 21st
\ncentury," Sanyoto said when opening the 22nd Indonesian-
\nAustralian Joint Business Conference in Semarang, Central Java.<\/p>\n
To forge a closer economic ties between the two countries,
\nSanyoto invited Australian business people to invest more in
\nIndonesia, especially in the eastern parts of the country.<\/p>\n
Australia's total investment in Indonesia as of Dec. 31, 1994
\nwas US$2.01 billion, placing it ninth among foreign investors in
\nIndonesia.<\/p>\n
Indonesian Ambassador to Australia Sabam Siagian suggested
\nthat Indonesia strongly promote its exports to Australia because
\nIndonesia suffers from a deficit in its trade with Australia.<\/p>\n
"The trade between the two countries is not yet balanced, so
\nwe need to propel further our exports," Sabam was quoted by
\nAntara as saying.<\/p>\n
Indonesia's non-oil exports to Australia grew by 17.25 percent
\nto US$465.7 million last year from the previous year, while its
\nnon-oil imports from Australia increased by 12.85 percent to
\n$1.36 billion.<\/p>\n
Meanwhile, visiting Australian Minister of Trade Senator Bob
\nMcMullan expressed hope that Indonesia would pursue further
\neconomic and political liberalization in the coming years.<\/p>\n
"We hope that the years ahead will see a growing climate of
\neconomic and political liberalization in this country," McMullan
\nsaid. "We believe that such an atmosphere is vital to Indonesia's
\nfuture efforts to develop its rich human resources." (rid)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/aussie-urged-to-invest-more-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}