French Companies Attended the High Profile 'Invest in Indonesia' Promotion Event in Paris
December 06, 2007
Paris, 05 December

In a high profile effort to boost investment into Indonesia, the Indonesia’s Investment Coordinating Board organized Indonesia’s Integrated Investment Promotion 2007 in Paris on 20 November 2007. The event was held at JW Marriott Rive Gauche Hotel et Conference Center, Paris 75014.

The highlights of the Investment Promotion were infrastructure and energy, agriculture and plantation, manufacturing including consumer goods manufacturing for which French companies are well known in Indonesia and last but not least, tourism.

Complimenting the many French business accomplishments in Indonesia as well as France’s substantial contribution towards Indonesia’s national development, Mr. Darmawan Jayusman, the Deputy Chairman of the Indonesian Investment Coordinating Board said : “We would like to invite more French companies to invest in Indonesia. With simplified investment regulations to improve investment climate, the Government has issued a new Investment Law No. 25 of the year 2007 providing better services to investors such as incentive facilities. In addition to being one of the most dynamic markets in South East Asia, we are opening great opportunities not only for French investors. This event is meant to also provide an extensive outreach to investors within Europe.” The event which exposed booths of all the 33 Indonesian provinces, was held the whole day and provided one-on-one discussions with representatives of the provinces.

Mr. Darmawan Jayusman highlighted Indonesia-France’s investment figures. In terms of investment, USD 2.41 billion or 267 projects have been approved from 1967 to 2007; France is Indonesia 17th largest investors after Japan, United Kingdom, Singapore, USA and Hongkong which represent the top 5 largest investors.

In the year 2006 and 2005, Indonesia had a deficit trade balance against France. In 2006, the trade balance was USD 3.94 million for oil and gas and USD 221.56 million for non-oil and gas commodities. Similarly in 2005 Indonesia’s trade balance was USD 2.67 million deficit for oil and gas and USD 79.92 million for non-oil and gas commodities. In addition, from January to June 2007, Indonesia’s trade balance was USD 4.25 million deficit for oil and gas and USD 134.79 deficit for non-oil and gas commodities . Prior to 2005, Indonesia used to have surplus trade balance against France. The trade transactions between both countries reflect the magnitude of their economic ties hence a boost to the trade may provide a tangible engine to increase investment activities vice versa.

In closing his remarks Mr. Darmawan Jayusman summed up : “The Indonesian Government wants to be known of the change in the mindset of its economic policy : Indonesia is pro business, pro growth, pro job creation and pro poor.”
About the Press Release
Many French investors attended the Indonesia's Integrated Investment Promotion event in Paris on 20 November despite the transportation workers' strike on that day.


 
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