Taiwan, RI advised to initiate joint projects<\/p>\n
JAKARTA (JP): A delegation of government officials from Taiwan
\nhas suggested that Indonesia's and Taiwan's state companies
\ninitiate joint projects to take advantage of that nation's
\ncapital and technology.<\/p>\n
Head of the Foreign Promotion Bureau of the Ministry of
\nInvestment Asril Noer said yesterday after meeting with the 10-
\nmember delegation, led by Kang Min-mou from Taiwan's Control Yuan
\n-- the highest supervisory organ of the nation -- that Indonesia
\nwelcomed this proposal because Taiwan's state companies were
\nknown to be sound and technologically advanced.<\/p>\n
\"Taiwan's large state firms include petrochemical and steel
\nplants, as well as fertilizer factories. I think cooperation with
\nthem would be a good way for our state companies to expand their
\nbusiness,\" Asril, who accompanied Minister of Investment\/Chairman
\nof the Investment Coordinating Board Sanyoto Sastrowardoyo at the
\nmeeting, said.<\/p>\n
\"This visit is in accordance with their government's
\n\"southward policy\" which encourages Taiwan's firms to increase
\ninvestment in Southeast Asia,\" he said.<\/p>\n
A separate delegation consisting of 35 Taiwanese businessmen
\nare currently in Indonesia as well to meet government officials
\nand businessmen.<\/p>\n
According to the AFP news agency, the Central Bank of China
\nwill extend low-interest U.S. dollar loans to Taiwan's domestic
\nbusinesses to support this policy. Taiwan's investments in
\nSoutheast Asia now total $14.5 billion.<\/p>\n
Its trade with five members of the Association of Southeast
\nAsian Nations (ASEAN), excluding Brunei, reached $15.7 billion
\nlast year. Its imports from those countries in that period were
\nworth $6.77 billion.<\/p>\n
Batam<\/p>\n
Asril said the delegation has shown particular interest in
\ninvesting in Batam Island.<\/p>\n
\"They have also expressed their intention to develop more
\ncooperation between the two countries' small and medium-scale
\nfirms. This has become one of Taiwan's concerns because they
\nunderstand that Indonesia has to provide at least 2.4 million
\njobs a year,\" he said.<\/p>\n
According to Asril, the delegation, which arrived here on
\nSaturday for a four-day visit, will continue their trip to
\nSarawak, East Malaysia, and the Philippines.<\/p>\n
Taiwan's exports to Indonesia increased by 24.3 percent from
\n$849.24 million in 1990 to $1.05 billion in 1991. In 1992, the
\nfigure rose by 21.1 percent to $1.27 billion but decreased
\nslightly by seven percent to $1.18 billion as of October 1993.<\/p>\n
Taiwan's oil and non-oil imports from Indonesia have shown a
\nsteady decrease from $1.34 billion in 1990 to $1.32 billion in
\n1991 to $1.29 billion in 1992. As of October last year, the
\nfigure only reached $1.09 billion.<\/p>\n
Taiwan's accumulated investment commitments in Indonesia from
\n1967 to February totaled $4.07 billion in 270 projects, making it
\nthe third largest foreign investor in the country. (10)<\/p>",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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