Investment climate 'still the best in ASEAN'<\/p>\n
JAKARTA (Antara): Indonesia's investment climate is still the
\nbest in ASEAN given its abundant natural resources, huge labor
\nforce and adequate infrastructure, the director of the Japan
\nExternal Trade Organization (JETRO), Yoshi Suga, said yesterday.<\/p>\n
\"After visiting several industrial estates in Indonesia, I
\nmust encourage Japanese businessmen to invest more in the
\ncountry,\" he said when visiting the MM2100 industrial zone in
\nCibitung, Bekasi.<\/p>\n
The Association of Southeast Asian Nations (ASEAN) groups
\nBrunei Darussalam, Indonesia, Malaysia, the Philippines,
\nSingapore, Thailand and Vietnam.<\/p>\n
The 30-year-old grouping is frequently described as the
\nworld's fastest-growing economy with an average annual growth of
\nbetween 7 percent and 8 percent.<\/p>\n
Suga's view was shared by diplomats from the United Kingdom,
\nCanada and Austria who said Indonesia's economic policies were
\nconsistent because they continued to be marked by new
\nderegulation packages.<\/p>\n
The packages were obviously attractive to many foreign
\ninvestors, they said.<\/p>\n
Meanwhile, the chief of the promotions department of the
\nInvestment Coordinating Board, Sugihono Kadarisman, said that
\nderegulation and bureaucratic reform would continue to be the
\nmain features of domestic economic policies.<\/p>\n
\"They are expected to boost our production of goods and our
\nservices,\" he said.<\/p>\n
He said the ASEAN Free Trade Area, the Asia-Pacific Economic
\nCooperation forum and the World Trade Organization would involve
\nIndonesia in global economics.<\/p>\n
On the construction of more industrial estates, Kadarisman
\nsaid that land clearing sometimes posed a big problem.<\/p>\n
Acknowledging the difficulty of clearing land for estates,
\nWest Java Deputy Governor HM Sampoerna said recently: \"Local
\nadministrations, in line with existing regulations, are not
\nallowed to take part in the clearing of land for the activities
\nof private enterprises.\"<\/p>\n
\"We can only do so for government projects,\" he said.<\/p>\n
Private enterprises must clear their land by themselves, he
\nsaid, adding that existing regulations sometimes prompted land
\nspeculation.<\/p>\n
But Sampoerna said that, with better coordination, the
\nNational Land Agency and related agencies could eliminate this
\nproblem.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/investment-climate-still-the-best-in-asean-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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