Trade Minister Mari Pangestu arrived in Tokyo on Monday to attend an investment seminar in which she will promote the Free Trade Zone (FTZ) in Batam, Bintan and Karimun (BBK) in Riau Islands province, Asia Pulse reported."Promoting the FTZ in BBK among Japanese investors is a must because our Economic Partnership Agreement (EPA) with Japan is to go into effect on July 1. We have to support the accord's implementation with promotions," she said.
In addition to the FTZ in BBK, the minister said, she would also promote the potential of Indonesia's creative economy in the Japanese market.
Pangestu admitted that Japan's economic slowdown would significantly affect the flow of its investment to Indonesia but the EPA was expected to enhance the two countries' economic cooperation.
The Indonesian government was also making continuous efforts to improve the investment climate to encourage foreign investors, she said.
Singapore, she said, had committed itself to increasing its investment in small and medium scale businesses in Indonesia.
Meanwhile, Singaporean Trade and Industry Minister Lim Hng Kiang who had also come to Tokyo for the investment seminar said the Indonesian government had already made some changes to improve the investment climate, especially for Singaporean businessmen.
However, he said, some of Indonesia's legislation still needed to be revised such as the taxation and manpower laws.
source: BKPM | July 2008
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