Thursday, January 28, 2010
Deputy: US to Continue Investment in Indonesia
Source: ANTARA News
Jakarta - Chief economic minister's deputy for macro-economic Erlangga Mantik said the US businessmen would continue their investment in Indonesia.
"Basically they will continue their investment in Indonesia," he said after meeting with US business delegation at the chief economic minister's office.
He said the meeting was actually a routine meeting the governments of the Association of Southeast Asian Nations (Asean) including Indonesia have always done to refresh their investment program.
"Basically they will continue their investment in Indonesia in the framework of our future development," he said.
He said in the meeting the US delegation also conveyed problems they faced which had to be solved together so that businesses could be carried out better.
He said some problems had been reported to the government and would be jointly settled by ministries concerned.
The chief economic minister's special staff, Amir Sembodo, meanwhile said the US businessmen had an interest in a number of investment sectors such as food security, oil and gas, logistics, railroads, locomotive and automotive.
"They will bring biotechnology for improving food security and ask for a bigger investment opportunity in the oil and gas sector. They have also asked about cost recovery as well as PPP (public private partnership) revision," he said.
He said the meeting was an initial meeting ahead of the arrival of the US Chamber of Commerce delegation to Indonesia in May and the US President in July.
"They are impressed by the response from the ministers they have met with, which they will report to their trade minister and the president," he said.
The President of the US Business Council, Alexander Fieldman, said they met with a number of Indonesian officials to discuss efforts to boost business and trade cooperation with Indonesia.
"We hope the US-Indonesia relations would be better. Our arrival here is ahead of the arrival of the President here and we hope our economic and trade relations would increase," he said.
He said representatives from around 27 US companies that had operated in Indonesia took part in the meeting.
"We believed the condition in Indonesia would be better. We bring 27 companies in the meeting from all business sectors such as General Electric, Mocrosoft, IBM and Ford Motor Company," he said.