Investment Ministry Develops International Treaty Handbook to Boost Investment and Downstreaming
Jakarta (ANTARA) - The Ministry of Investment and Downstreaming/Investment Coordinating Board (BKPM) is developing an international agreement handbook to improve government officials' understanding, thereby boosting investment and downstreaming in the country.
"This handbook will be highly beneficial for state officials to understand and implement their obligations under each international investment agreement, demonstrating commitment to partner countries and foreign investors," said Deputy for Investment Cooperation at the Ministry of Investment and Downstreaming/BKPM, Tirta Nugraha Mursitama, in Jakarta on Friday.
Ultimately, he said, this would help Indonesia create a healthy and sustainable investment climate to support the nation's economic development objectives.
Tirta Nugraha stated that the handbook is being developed in collaboration with the Asia-Pacific Economic Cooperation (APEC), the Australian Government's Department of Foreign Affairs and Trade (DFAT), and the National University of Singapore. A Cross-Government Framing Workshop: Handbook on Obligations in International Investment Treaties for Indonesia was also held on 22 May.
The project, he continued, will encompass a comprehensive review of investment agreements signed by Indonesia, including an assessment of domestic regulations and a study of past disputes.
He expressed hope that the final product would provide practical guidance to 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 the field of investment.
Minister Counsellor for Economic, Investment, and Infrastructure at the Australian Embassy, Jonathan Gilbert, emphasised the importance of cross-sector and cross-country synergy to create a stable, transparent, and predictable investment climate.
Gilbert stated that investment requires close engagement from various parties, shared efforts and objectives to build an attractive investment environment, and to facilitate economic relations not only between Indonesia and Australia but also between Indonesia and all APEC members.
"This handbook will be highly beneficial for state officials to understand and implement their obligations under each international investment agreement, demonstrating commitment to partner countries and foreign investors," said Deputy for Investment Cooperation at the Ministry of Investment and Downstreaming/BKPM, Tirta Nugraha Mursitama, in Jakarta on Friday.
Ultimately, he said, this would help Indonesia create a healthy and sustainable investment climate to support the nation's economic development objectives.
Tirta Nugraha stated that the handbook is being developed in collaboration with the Asia-Pacific Economic Cooperation (APEC), the Australian Government's Department of Foreign Affairs and Trade (DFAT), and the National University of Singapore. A Cross-Government Framing Workshop: Handbook on Obligations in International Investment Treaties for Indonesia was also held on 22 May.
The project, he continued, will encompass a comprehensive review of investment agreements signed by Indonesia, including an assessment of domestic regulations and a study of past disputes.
He expressed hope that the final product would provide practical guidance to 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 the field of investment.
Minister Counsellor for Economic, Investment, and Infrastructure at the Australian Embassy, Jonathan Gilbert, emphasised the importance of cross-sector and cross-country synergy to create a stable, transparent, and predictable investment climate.
Gilbert stated that investment requires close engagement from various parties, shared efforts and objectives to build an attractive investment environment, and to facilitate economic relations not only between Indonesia and Australia but also between Indonesia and all APEC members.