"I am determined to protect all investments, to provide favorable economic conditions, and to be involved in major economic organizations of the world," Subianto noted in his speech, as monitored by a video uploaded to the YouTube channel of the Presidential Secretariat.
On that occasion, he underscored the crucial role of the private sector in supporting Indonesia's economy.
He assessed that legal certainty is one of the aspects that are direly needed by private businesses.
The president noted that private businesses need a favorable economic climate, political and security stability, as well as favorable incentives.
"This (is what) we are addressing. We have liberalized our laws," he remarked.
Prabowo stated that Indonesia has opened opportunities for companies in the health sector, foreign hospitals, and foreign universities to operate in Indonesia.
Furthermore, Indonesia has and will create more special economic zones to encourage the entry of modern and leading-edge technology into the country.
"We are very bullish on our maritime industry, fisheries. Three-quarters of our national territory is water. We have tremendous potential for, let us say, well-planned fishery program, aquaculture, and a lot of processing industries," he remarked.
He assessed that the APEC summit presents an opportunity for Indonesia to bolster ties and invite collaboration with international business leaders. He expressed hope that the summit would benefit all parties.
"Peace comes from understanding. Understanding comes from engagement and negotiation. Hence, I am very happy to attend this APEC summit to renew contacts, to introduce myself, to introduce my country, and to invite cooperation between all of you," he affirmed.
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Translator: Fathur Rochman, Raka Adji
Editor: Azis Kurmala
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