Gita: We want people to make money here

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Wirjawan
Indonesia Trade Minister Gita Wirjawan
Indonesia’s Trade Minister Gita Wirjawan is inviting multinational companies to invest in Indonesia and see the country as an economy of scale with unprecedented growth potential.

By Arno Maierbrugger, Jakarta

“We want people to make money here,” Wirjawan said. There is a lot of opportunity in Indonesia, and global companies need to see the country as a market for economies of scale and many of them which are already here do so.”

Foreign direct investment flowing into Indonesia has risen 25-30 per cent over the last years, the minister said at the Economist Summit Indonesia 2013 in Jakarta on February 28.

However, his country has to make sure the growth path is sustainable, he argued.

“We got to be able to maintain the impetus and interact better with investors and regional peers.That’s what matters to Indonesia,” the minister said.

“We need to climb up the value chain. Every inch we move up the value chain is a huge economic step forwards,” he added.

With regard to the economic region of ASEAN, he said that Indonesia needs “to cooperate in the ASEAN context as well as with the six non-ASEAN trading partners within the ASEAN+6 group.

“We would like to compete simultaneously within the ASEAN Economic Community by 2015 and also  the Trans-Pacific Partnership, or TPP, whereby the latter in my view is more a 22nd century economic concept,” Wirjawan said.

We need to be less conservative and slightly more ambitious. I see the need for the TPP to be recalibrated, for example, by converging the AEC and TPP,” he added.

Addressed at potential investors in Indonesia, Wirjawan said that “we have tax holidays for any company that invests and creates jobs here in every sector that is deemed supportive for our aspirations.”

 

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Reading Time: 1 minute

Indonesia Trade Minister Gita Wirjawan
Indonesia’s Trade Minister Gita Wirjawan is inviting multinational companies to invest in Indonesia and see the country as an economy of scale with unprecedented growth potential.

By Arno Maierbrugger, Jakarta

Reading Time: 1 minute

Wirjawan
Indonesia Trade Minister Gita Wirjawan
Indonesia’s Trade Minister Gita Wirjawan is inviting multinational companies to invest in Indonesia and see the country as an economy of scale with unprecedented growth potential.

By Arno Maierbrugger, Jakarta

“We want people to make money here,” Wirjawan said. There is a lot of opportunity in Indonesia, and global companies need to see the country as a market for economies of scale and many of them which are already here do so.”

Foreign direct investment flowing into Indonesia has risen 25-30 per cent over the last years, the minister said at the Economist Summit Indonesia 2013 in Jakarta on February 28.

However, his country has to make sure the growth path is sustainable, he argued.

“We got to be able to maintain the impetus and interact better with investors and regional peers.That’s what matters to Indonesia,” the minister said.

“We need to climb up the value chain. Every inch we move up the value chain is a huge economic step forwards,” he added.

With regard to the economic region of ASEAN, he said that Indonesia needs “to cooperate in the ASEAN context as well as with the six non-ASEAN trading partners within the ASEAN+6 group.

“We would like to compete simultaneously within the ASEAN Economic Community by 2015 and also  the Trans-Pacific Partnership, or TPP, whereby the latter in my view is more a 22nd century economic concept,” Wirjawan said.

We need to be less conservative and slightly more ambitious. I see the need for the TPP to be recalibrated, for example, by converging the AEC and TPP,” he added.

Addressed at potential investors in Indonesia, Wirjawan said that “we have tax holidays for any company that invests and creates jobs here in every sector that is deemed supportive for our aspirations.”

 

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