VP Kalla meets with us business community - (d)

VP Kalla meets with us business community - (d)

Vice President M. Jusuf Kalla (JK). (ANTARA/Yudhi Mahatma)

New York (ANTARA News) - Indonesian Vice President M. Jusuf Kalla (JK) has met with US business community in New York on the sidelines of the current 71st United Nations General Assembly.

The meeting was organized by the AICC (the American-Indonesian Chamber of Commerce) at the office of Duanne Morris LLP, 1540 Broadway, 14th Floor conference room.

The meeting held as per a roundtable format was moderated by AICC President Allan Hariri and attended by 50 top executives of US companies representing the fields of energy, IT, consumer goods, financial and health.

It was also supported by other US associations including the US Chamber of Commerce (USCC) and the US ASEAN Business Council (US-ABC).

The participants attending the meeting included representatives from the US and Indonesian business associations and from companies in the energy, financial, IT, defense, consumer products and pharmaceutical/health sectors.

The meeting discussed opportunities and challenges faced by the US companies in investment and trade relations with Indonesia.

The USCC underlined the commercial value of the Indonesia-US economic ties which is very significant since US economic activities in Indonesia (2014) are worth around US$90 billion in terms not only of investment but also in financial stocks and these companies contribution to Indonesias tax revenues.

According to the US business community, the commercial value is predicted to continue to rise in line with the economic growth and the increasing size of middle-class population in Indonesia. As per a positive scenario, it is predicted to reach around US132 billion in economic value by 2019.

The US companies hailed various economic policies formulated especially to assure stability of economic growth, initiatives to accelerate infrastructure development and deregulatory economic packages released over the past one and a half years.

The US companies also gave their perspectives and support to the Indonesian government to boost investment in the manufacturing industry, IT, financial, health and energy sectors through investment incentives, ensuring legal certainty and continuing support to dialogue and mutual settlements between the government and private parties.