Govt urged to guarantee fair regulations to foreign investors

Govt urged to guarantee fair regulations to foreign investors

Deputy Speaker of the House of Representatives (DPR), Rachmat Gobel. ANTARA FOTO/Wahyu Putro A/Rei/nz/aa. (ANTARA FOTO/WAHYU PUTRO A)

Jakarta (ANTARA) - A senior legislator appealed to the Indonesian government on Wednesday to guarantee investors from any partnering country, including Japan, just and fair regulations to encourage them to expand and improve the quality of their investments.

Japanese Prime Minister Yoshihide Suga's state visit to Indonesia has created tremendous opportunities for Indonesian business players in various sectors, including financing, trade, manufacturing industry, and infrastructure, Rachmat Gobel said.

They could explore business opportunities with their Japanese counterparts joining the prime minister's state visit, said Gobel, currently deputy speaker of the House of Representatives (DPR), in a press statement that ANTARA received here on Wednesday.

“The prime minister's visit needs to be taken as a great chance to explore new business opportunities. May this visit calibrate the two nations' heartful relationship, in accordance with the Fukuda Doctrine,” he remarked.

During the two-day visit, Prime Minister Suga also expressed his keenness to observe the progress and results of Indonesia and Japan's cooperation in various sectors, including the infrastructure development projects that Japan has funded, Gobel said.

To this end, the presence of just and fair regulations for foreign investors is indispensable to maintain a sound relationship with all partnering countries, including Japan, he added.

"As long as our relationship with all traditional and strategic partnering countries is well and fairly preserved, we can expect an increased value and quality of investments," Gobel said.

Such investments are expected to strengthen the structure of Indonesia's economy and help it address the challenges of the fourth Industrial Revolution (Industry 4.0) era to realize the Golden Indonesia in 2045 Vision, he noted.

Maintaining a mutually-beneficial and balanced investment opportunity for Indonesia's traditional partnering countries is so indispensable that none of the countries could dictate and force its business interests on Indonesia’s national interest, he said.

Prime Minister Suga's state visit to Indonesia has also sent a strong and strategic signal to its ASEAN partners that Japan's partnership has positively impacted the regional grouping's economy, Gobel added.

Prime Minister Suga and First Lady Mariko Suga arrived in Indonesia on Tuesday afternoon. Indonesian President Joko Widodo and First Lady Iriana Joko Widodo warmly received them at the Presidential Palace in Bogor, West Java.

Prime Minister Suga's visit to Indonesia in the midst of the coronavirus pandemic is the first visit by a world leader to the country.

After his election by Japan's parliament following Shinzo Abe's surprise resignation on September 16, 2020, Suga's first overseas visit has been to Viet Nam and Indonesia.

Before arriving in Indonesia, Prime Minister Suga visited Hanoi, the capital of the Socialist Republic of Viet Nam, on October 18, 2020. (INE)

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