TVA office expected to increase Taiwanese investment in Indonesia

TVA office expected to increase Taiwanese investment in Indonesia

Deputy of Indonesia's Coordinating Investment Board (BKPM) Wisnu Wijaya Soedibjo (1st left), Head of Taipei Economy and Trade Office (TETO) John Chen (2nd left), and General Secretary of Taiwan Visitors Association (TVA) Chao-Yen Wu (3rd left), among others, cut the ribbon to mark TVA's office inauguration in Jakarta, on Thursday, Jan 17, 2019. (ANTARA/Yashinta Difa)

Jakarta (ANTARA News) - The Investment Coordinating Board (BKPM) has expressed hope that the presence of Taiwan Visitors Association (TVA) representative office in Jakarta will be able to enhance investment cooperation between the two sides.

Taiwan is ranked 18th in terms of foreign investment in Indonesia, with a total value of US$142 million in the January-September 2018 period.

"With the presence of the TVA representative office, we will witness Taiwanese investment to finish in the top 10 (in Indonesia) in the future," BKPM Deputy Head for Investment Cooperation Wisnu Wijaya Soedibjo said during the inauguration of the TVA representative office in Jakarta on Thursday, Jan 17.

West Java is the largest among the five destinations of Taiwanese investment in Indonesia, with a value of $394 million, accounting for 35 percent of the total Taiwanese investment in Indonesia. This is followed by Banten, East Java, Central Sulawesi, and Central Java.

The Taiwanese investment is mostly placed in rubber and plastic, textile, chemical and pharmaceutical, metal, electronic appliance, and medical instrument industries.

Hopefully, the presence of the TVA office will forge bilateral ties between the two sides.

"With the increasingly closer relations, we believe Taiwanese investment will increasingly become larger, marked with mutual visits by Indonesian and Taiwanese tourists and business people," he remarked.

Reporting by Yashinta Difa Pramudyani
Editing by Suharto