France pledges multi-billion dollar investments in Indonesia

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French President Francoise Hollande during his state visit to Indonesia on March 29 pledged $2.6 billion in investments for the country mainly in energy, infrastructure and retail and also said both nations will deepen their ties through bilateral agreements, among others, in the aircraft industry.

It was the first official visit by a French head of state to Indonesia since more than 30 years.

Hollande and Indonesian President Joko Widodo also signed of five memorandums of understanding covering defense, sustainable urban development, research, technology and tourism, and also agreed to increase cooperation on maritime issues, fisheries and creative industries such as film and fashion.

Talks about the aircraft industry touched the matter of Indonesia purchasing planes from France since Paris is keen to boost the sale of Airbus jets to airlines in Indonesia. Another issue was palm oil, for which France originally had plans to nearly triple an environmental tax on palm oil to €300 a tonne, but did not go ahead with it.

In the tourism sector, Hollande said that France viewed Indonesia as an archipelago that needs to develop transportation and other infrastructure for which French companies are ready to invest.

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French President Francoise Hollande during his state visit to Indonesia on March 29 pledged $2.6 billion in investments for the country mainly in energy, infrastructure and retail and also said both nations will deepen their ties through bilateral agreements, among others, in the aircraft industry. It was the first official visit by a French head of state to Indonesia since more than 30 years. Hollande and Indonesian President Joko Widodo also signed of five memorandums of understanding covering defense, sustainable urban development, research, technology and tourism, and also agreed to increase cooperation on maritime issues, fisheries and creative industries such...

Reading Time: 1 minute

French President Francoise Hollande during his state visit to Indonesia on March 29 pledged $2.6 billion in investments for the country mainly in energy, infrastructure and retail and also said both nations will deepen their ties through bilateral agreements, among others, in the aircraft industry.

It was the first official visit by a French head of state to Indonesia since more than 30 years.

Hollande and Indonesian President Joko Widodo also signed of five memorandums of understanding covering defense, sustainable urban development, research, technology and tourism, and also agreed to increase cooperation on maritime issues, fisheries and creative industries such as film and fashion.

Talks about the aircraft industry touched the matter of Indonesia purchasing planes from France since Paris is keen to boost the sale of Airbus jets to airlines in Indonesia. Another issue was palm oil, for which France originally had plans to nearly triple an environmental tax on palm oil to €300 a tonne, but did not go ahead with it.

In the tourism sector, Hollande said that France viewed Indonesia as an archipelago that needs to develop transportation and other infrastructure for which French companies are ready to invest.

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