Indonesian Political, Business & Finance News

Indonesia Strengthens Investment Diplomacy at 46th ASEAN Summit Towards Golden Indonesia 2045

| Source: GALERT
The Indonesian government continues to strengthen the role of investment diplomacy as an integral part of its long-term economic development strategy towards the Golden Indonesia 2045 vision. Through active participation in the 46th ASEAN Summit held in Kuala Lumpur, Malaysia, Indonesia reaffirmed its commitment to promoting inclusive, green, and digital regional economic and investment integration.

During the Summit's plenary session, President Prabowo Subianto emphasised the importance of transforming ASEAN into an adaptive and results-oriented region. One of the primary focuses is strengthening cross-border investment cooperation and enhancing regional competitiveness through strategic partnerships, policy innovation, and connectivity infrastructure development.

**Investment Cooperation**

The presence of Minister of Investment and Downstreaming/BKPM, Rosan Roeslani, accompanying President Prabowo Subianto at the 46th ASEAN Summit marked Indonesia's strong commitment to strengthening investment diplomacy at the regional level. Deputy for Investment Cooperation, Prof. Dr. Tirta Nugraha Mursitama, Ph.D., was also in attendance, reinforcing Indonesia's strategic position in promoting cross-border investment cooperation, particularly in Southeast Asia.

As the vanguard of investment diplomacy, the Deputy for Investment Cooperation plays a central role in designing, coordinating, and implementing investment cooperation policies at bilateral, regional, and multilateral levels. Bilaterally, this includes negotiating Bilateral Investment Treaties (BITs) and participating in Comprehensive Economic Partnership negotiations, particularly on investment chapters. At the regional level, this encompasses various ASEAN-level forums as well as multilateral forums such as the G20, WTO, UNESCAP, and OECD.

The Deputy's duties focus not only on increasing foreign investment into Indonesia but also on promoting the expansion of national investment abroad. Additionally, the Deputy is responsible for monitoring, analysing, and evaluating the implementation of investment cooperation, as well as preparing policy reports that serve as the basis for decision-making at the national level.

Through this strategic role, the Ministry of Investment and Downstreaming/BKPM continues to strengthen Indonesia's position as a credible and adaptive investment partner, whilst contributing to a more inclusive and sustainable ASEAN region.

**From Diplomacy to Investment Realisation**

The investment diplomacy being conducted is not merely symbolic but directed towards achieving concrete results. At the 46th ASEAN Summit, Indonesia engaged in bilateral discussions with several countries, including Singapore and Laos, to expand strategic partnerships and explore potential investment opportunities.

President Prabowo conveyed Indonesia's readiness to cooperate with Laos in the green industry, agriculture, fertiliser, and strategic minerals sectors. Following up on this, under the direction of the Minister of Investment and Downstreaming/BKPM, the Deputy for Investment Cooperation has coordinated with the Indonesian Embassy in Vientiane to map priority sectors that could become investment targets, including renewable energy, healthcare, and infrastructure development.

**Sustainable Investment Towards ASEAN and Golden Indonesia 2045**

The 46th ASEAN Summit also produced the Kuala Lumpur Declaration on ASEAN 2045: Our Future Together, which emphasised the importance of digital transformation, sustainability, and regional solidarity in facing global challenges. This commitment aligns with Indonesia's national strategy of realising Golden Indonesia 2045, where investment serves as the backbone of long-term economic growth, particularly beginning with achieving 8 per cent growth by 2029.

Investment diplomacy, if managed effectively and in a coordinated manner, will generate quality, sustainable investment realisation that provides significant added value to job creation, national industry strengthening, and mastery of future technologies.

**Synergy Towards the Future**

The Ministry of Investment and Downstreaming/BKPM, through the Deputy for Investment Cooperation, is committed to continuing to accelerate productive international cooperation, formulating data-driven and market-needs-based policies, and promoting investment realisation that supports national development objectives.

With active, collaborative, and results-oriented diplomacy, Indonesia is treading a strategic path towards its position as a major global economic power by 2045.
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