US firms view Indonesia as potential regional hub

18 January, 2019 | Source: Antara News

US companies perceive Indonesia as a potential regional hub for conducting their business and trade, Indonesia`s Trade Minister Enggartiasto Lukita stated.

"With inflation under control and the increased level of ease of doing business, they (the US companies) have seen Indonesia`s potential as a regional hub," Lukita noted after the Indonesia-US business meeting forum here on Thursday.

Moreover, he remarked that with the Regional Comprehensive Economic Partnership (RCEP) negotiations among ASEAN members and six partner countries -- China, Japan, South Korea, Australia, India, and New Zealand -- the US companies did not want to miss out on the opportunity.

Earlier in the day, the minister met with some representatives of US companies that have expressed keen interest to increase their market shares in Indonesia.

The meeting also doubled up as a business-matching forum between Indonesian and US businessmen.

"At the meeting, we elaborated on the ease of investment (in Indonesia) and our open market," he stated.

Meanwhile, the ministry`s Director General for National Export Development Arlinda noted that both countries have shared the same commitment to increasing bilateral trade.

"Indonesia and the United States have the same commitment to enhance bilateral trade," Arlinda remarked.

Indonesia has enjoyed US$9.7 billion of surplus in bilateral trade, with total trade of $25.92 billion in 2017.

Trade value during the past five years has shown a positive trend of 0.39 percent.

In 2017, the United States was the second-largest destination country for Indonesian non-oil/gas exports after China, with $17.1 billion of exports during the period.

Indonesia`s main export products to the United States comprised shrimp, natural rubber, footwear, tires, and women`s garments.

 

Indonesia`s economic growth reached a five-year high of 5.17 percent in 2018, mostly fueled by household consumption, investment, and government spending, according to the Central Statistics Agency (BPS).
tate-owned train maker PT Industri Kereta Api (Inka) sent on Sunday 15 train cars to Bangladesh, a portion of 250 train cars to be exported to the country this year after the company exported 200 train cars to the country in 2006 and 2016.
US companies perceive Indonesia as a potential regional hub for conducting their business and trade, Indonesia`s Trade Minister Enggartiasto Lukita stated.
Indonesia has eyed export of liquefied natural gas (LNG) to Cambodia to meet the demand for power plants in the country, Vice President Jusuf Kalla said here on Wednesday.
Indonesian Vice President Jusuf Kalla and Cambodian Prime Minister Hun Sen held bilateral talks at the Lotus Blanc Resort, Siem Reap, Cambodia, on Wednesday morning, to discuss the development of cooperation between both nations.
Economic diplomacy has become one of the priorities of the Indonesian foreign policy by boosting the country′s economic and trade cooperation with African, Central, and South American countries, Foreign Minister Retno L. P. Marsudi stated.
Address: 1068 Budapest, Városligeti fasor 26. | MAP |
Phone: (+36-1) 413 3800 Fax: (+36-1) 322 8669
E-mail: embassy@indonesianembassy.hu