Jakarta (ANTARA) - Deputy Foreign Minister Arif Havas Oegroseno emphasized the importance of strengthening Indonesia’s economic diplomacy to support increased national investment.

In a statement issued on Wednesday, Oegroseno said that investment, trade, and international economic relations have become vital components of Indonesia’s diplomatic agenda and increasingly influence various international negotiation processes.

In this regard, he stressed that Indonesian representatives abroad play a crucial role in facilitating both inbound and outbound investment, including handling complaints related to investment barriers and helping resolve investment-related issues.

Highlighting current global developments, including the growing weaponization of economic relations, Oegroseno said countries are required to become more adaptive and strategic in maintaining economic competitiveness.

According to him, Indonesia is now competing not only in terms of land availability, tax incentives, and investment facilities, but also in building trust, institutional capacity, efficiency, resilience, legal certainty, and credible, sustainable investment strategies.

In this context, he welcomed the establishment of the Debottlenecking Task Force as an important step toward creating a more transparent, inclusive, and responsive investment process.

This task force, according to him, can also provide tangible benefits to all Indonesian embassies in identifying, monitoring and following up on potential investment from various countries.

The Indonesian government considers the debottlenecking task force as part of strategy to achieve high economic growth while strengthening economic resilience amidst ongoing global uncertainty.

During a Seminar on Debottlenecking Channel in Jakarta on Tuesday (May 12), Finance Minister Purbaya Yudhi Sadewa stated that to achieve higher and stronger economic growth, Indonesia needs to increase private investment and participation in the economy.

"Therefore, a better business climate, credible investment policies, a strong legal framework and consistent enforcement of regulations are key to increasing private sector participation in Indonesia," the minister remarked.

He believed the debottlenecking channel is practical approach for maintaining investor confidence in conducting business and investing in Indonesia.

“We can hear directly from the private sector what their problems are, and we resolve them. We will also improve existing regulations as needed. I believe that is a better approach, one that will yield faster and more tangible results, because we are addressing the real problems faced by businesses in this country," he explained.

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Reporter: Yashinta Difa
Editor: Primayanti
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