Taiwan to increase direct investment in Indonesia

Taiwan to increase direct investment in Indonesia

Head of the Taipei Economic and Trade Office (TETO), Jhon Chen. (ANTARA News/Azis Kurmala)

Jakarta (ANTARA News) - The Government of Taiwan wants to continue to increase direct investment in Indonesia in line with the expansion of economic and trade cooperation between the two countries.

Taiwanese investment in the country has increased significantly lately doubling in value from 2016 to US$397 million in 2018, head of the Taipei Economic and Trade Office (TETO), Jhon Chen, has said here.

Chen said this year Taiwan would look more to the south in its investment policy including to Indonesia, Malaysia and Vietnam, which have strong macro economic foundations.

He said Taiwan has recorded higher economic performance topping other countries in Asia in the past three years.

He said unemployment is relatively low in the past 17 years, and its exports have continued to increase even hit a record high in the past 7 years.

Therefore, Taiwan hopes to continue to increase its direct and indirect investment in Indonesia, he said.

In addition to expanding trade relations, Taiwan would continue to maintain relations in the education sector by offering Indonesian students to proceed studies in Taiwan, he said.

Currently there were more than 7,200 Indonesian students in Taiwan or the fourth largest in number among foreign students in that country, he said.

"In addition to studying in formal educations, there are many Indonesian workers taking part in non formal education such as in agriculture , machine and heath sector," he said.

He said the new "look south policy" is expected to contribute to strengthening bilateral relations between Indonesia and Taiwan.

Reporting by Theo Yusuf
Editing by A Saragih