USABC Issues Recommendations to Support Indonesia’s Economic Growth Target

JAKARTA (ANTARA) – The US-ASEAN Business Council (USABC) has issued eight recommendations aligned with the 2025–2029 National Medium-Term Development Plan (RPJMN) and Asta Cita to support Indonesia’s efforts to achieve its target of 8 per cent economic growth.

USABC President and CEO Brian McFeeters said the white paper’s recommendations were based on the experience of member companies, year-long dialogue between the USABC and the Government, and discussions during the Indonesia Business Mission.

“These eight recommendations are high-quality outcomes and reflect a great deal of careful thought,” McFeeters said at a media discussion in Jakarta on Friday.

The eight recommendations include modernising imports; mutual recognition of test results and certifications; strengthening the Government’s technical capacity in the digital sector; and providing long-term regulatory certainty.

The USABC also recommended that the Government strengthen its role as a long-term investment partner, expand knowledge transfer and local capacity, balance foreign exchange reserves with flexibility for reinvestment, and honour trade commitments.

Alongside Vietnam and the Philippines, Indonesia has consistently been a destination where USABC member companies explore business opportunities and expand their operations.

Indonesia’s appeal is supported by its digitally literate young population and growth potential in technology, healthcare, education, energy and agriculture, McFeeters said.

Nevertheless, he added, US businesses need clarity and consistency in Indonesian policy.

Through the eight recommendations in the white paper, McFeeters said the USABC and its member companies hoped to continue working with the Indonesian Government to strengthen the investment climate, encourage sustainable business expansion, and extend the benefits of economic growth to communities, workers, local suppliers and Indonesian businesses.

The USABC is a business association representing more than 175 US multinational companies operating across various sectors in the ASEAN region.