Indonesia vows investment ease at meeting with US' Wilbur Ross

Indonesia vows investment ease at meeting with US' Wilbur Ross

Coordinating Minister for Economic Affairs Airlangga Hartato (right) received the US Secretary of Commerce Wilbur Ross (left) at the Office of the Coordinating Ministry for the Economic Affairs in Jakarta, Wednesday (6/11/2019). ANTARA / Mentari Dwi Gayati/ac.

Basically, the government will facilitate this process, including by easing the process since there is demand, as well as the boundaries of this partnership that is promised within three months. The government will soon improve what we mean in the Om
Jakarta (ANTARA) - Coordinating Economic Affairs Minister Airlangga Hartarto vowed that the Indonesian government will facilitate ease of investment in the spirit of intensifying partnership between Indonesia and the United States.

Minister Hartarto made the statement after receiving the visit of US Secretary of Commerce Wilbur Ross at the Coordinating Ministry offices in Jakarta, Wednesday. Ross and his delegations arrived at the ministry at around 2:50 p.m. local time and were spotted departing from the meeting room at around 3:52 p.m. local time.

Hartarto expounded that through the Omnibus bill, the Indonesian government strives to improve the ease of doing business for investors keen on entering the Indonesian market.

"Basically, the government will facilitate this process, including by easing the process since there is demand, as well as the boundaries of this partnership that is promised within three months. The government will soon improve what we mean in the Omnibus Law," he explained.

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The former industry minister expounded that Secretary Ross' visit not only aims to bolster bilateral relations between both nations that span seven decades but also to discuss investments from US companies in Indonesia.

Both parties also held talks on the generalized system of preferences (GSP) in trade that is being revisited. The policy will allow a country to impose cuts on import tariff for export products of receiving countries.

"The GSP review is expected to be finalized in the near future. Indonesia would soon send a team from the Ministry of Trade," he stated.

In the meantime, Secretary Ross lauded the seven-decade-long cooperation, both with the Government of Indonesia and Indonesian businesses.

"We held a very constructive discussion, including on sensitive issues. I think we have agreed on a good direction for both parties," Ross noted.

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