Investment Ministry Develops Handbook on International Investment Treaty Obligations
The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) is preparing a handbook on international agreements. The initiative aims to improve government officials' understanding in order to promote investment and downstreaming in Indonesia.
BKPM Deputy for Investment Cooperation, Tirta Nugraha Mursitama, said the handbook would be highly beneficial. "This book will help state officials understand and implement their obligations under each international investment agreement. This is important to demonstrate commitment to partner countries and foreign investors," Tirta said, as quoted by Antara on Friday (23/5/2025).
According to Tirta, the handbook will ultimately help Indonesia create a healthy and sustainable investment climate, supporting national economic development objectives.
The handbook is being developed through a collaboration between BKPM, the Asia-Pacific Economic Cooperation (APEC), the Australian Government's Department of Foreign Affairs and Trade (DFAT), and the National University of Singapore. As part of the process, they held a Cross-Government Framing Workshop: Handbook on Obligations in International Investment Treaties for Indonesia on 22 May.
The project will include a comprehensive review of investment agreements signed by Indonesia, including an assessment of domestic regulations and a study of past disputes. Tirta expressed hope that the book would provide practical guidance for government officials in responding to investment dynamics accurately and accountably.
Support from the Australian government through DFAT marks the continuation of both countries' commitment to strengthening economic cooperation, particularly in investment. Jonathan Gilbert, Minister Counsellor for Economic, Investment, and Infrastructure at the Australian Embassy, emphasised the importance of cross-sector and cross-country synergy. Such synergy is crucial for creating a stable, transparent, and predictable investment climate.
Gilbert added that investment requires close involvement from various parties, as well as shared efforts and objectives to build an attractive investment environment. This applies not only to the Indonesia-Australia economic relationship, but also to Indonesia's relations with all APEC members.
BKPM Deputy for Investment Cooperation, Tirta Nugraha Mursitama, said the handbook would be highly beneficial. "This book will help state officials understand and implement their obligations under each international investment agreement. This is important to demonstrate commitment to partner countries and foreign investors," Tirta said, as quoted by Antara on Friday (23/5/2025).
According to Tirta, the handbook will ultimately help Indonesia create a healthy and sustainable investment climate, supporting national economic development objectives.
The handbook is being developed through a collaboration between BKPM, the Asia-Pacific Economic Cooperation (APEC), the Australian Government's Department of Foreign Affairs and Trade (DFAT), and the National University of Singapore. As part of the process, they held a Cross-Government Framing Workshop: Handbook on Obligations in International Investment Treaties for Indonesia on 22 May.
The project will include a comprehensive review of investment agreements signed by Indonesia, including an assessment of domestic regulations and a study of past disputes. Tirta expressed hope that the book would provide practical guidance for government officials in responding to investment dynamics accurately and accountably.
Support from the Australian government through DFAT marks the continuation of both countries' commitment to strengthening economic cooperation, particularly in investment. Jonathan Gilbert, Minister Counsellor for Economic, Investment, and Infrastructure at the Australian Embassy, emphasised the importance of cross-sector and cross-country synergy. Such synergy is crucial for creating a stable, transparent, and predictable investment climate.
Gilbert added that investment requires close involvement from various parties, as well as shared efforts and objectives to build an attractive investment environment. This applies not only to the Indonesia-Australia economic relationship, but also to Indonesia's relations with all APEC members.