01 Dessember 2007
Indonesia asks Japan to invest in petrochemical, steel industries TOKYO

Indonesia has asked Japan to invest in the country's top priority industries, namely petrochemical, refineries and steel, Capital Investment Coordinating Board (BKPM) chief Muhammad Lutfi said here Friday.

Speaking at a seminar on investing in Indonesia, attended by 500 businessmen, bankers and academicians, he said the three industries are potential for Japanese investors in the automotive sector.

In addition, investors could enjoy various incentives such as tax holidays, access to working capital from local banks, and simple procedures less than a month to get the necessary documents.For Indonesia, foreign investment in the sectors would create more job opportunities. "Indonesia hopes that Japan can be an active player in these sectors," he said.To attract Japanese investors, Lutfi also spoke about the development of special economic areas in Batam, Bintan and Karimun which are situated close to Singapore.Investors in the three regions could rent an area for more than 70 years and enjoy zero tax for imported machineries.

Meanwhile, an official of the Trade Ministry, Halidah Miljani, said bilateral cooperation under the Economic Partnership Agreement (EPA) could enhance trade between Indonesia and Japan."Free market access to Indonesia under the EPA can give significant benefit for Japan in import and investment," Halidah said.While for Indonesia, its goods and services could penetrate the Japanese market with higher quality.Meanwhile, an official of Nippon Keidanren for international economic cooperation, Koh Nakajima said similar activities to attract Japanese investors should be conducted more often and continuously."This must be continuous, you cannot do it just once or three times," Nakajima said.For now, Japanese businessmen considered Vietnam more attractive than Indonesia, he said, adding that Indonesia had also competed with other ASEAN members and China to get Japanese investment.

"Indonesia is on the right track by reforming its investment policy and establishment of EPA This is a good start, but more over it will need some proof," he said. (ANT)

Sumber : The Point, Page : 10 


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