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Coordinating Minister Airlangga calls for EuroCham's contribution to Indonesia to remain clear and clear

Coordinating Minister Airlangga calls for EuroCham's contribution to Indonesia to remain clear and clear
Coordinating Minister Airlangga calls for EuroCham's contribution to Indonesia to remain clear and clear





Coordinating Minister Airlangga calls for EuroCham's contribution to Indonesia to be permanent Loud and clear

Jakarta, June 19, 2024

Indonesia's economic growth remains strong despite the global economic slowdown. It was recorded that in the first quarter of 2024, the national economic growth reached 5.11% (year-on-year). The government has also adopted a number of strategies, including the use of a combination of flexible, responsive and accommodative fiscal and monetary policies, as well as encouraging consumption and investment.

In an effort to support transformative economic policies, the government has launched a number of programs, including the implementation of structural reforms through the Job Creation Act, Natural Resources Downstream Policies (SDA), environmentally friendly growth and energy transition, as well as human resources (HR) development and infrastructure.

“As part of our efforts to improve the investment climate, Indonesia has taken steps to increase tax incentives to attract foreign and domestic investments to this country,” said the Coordinating Minister of Economic Affairs, Airlangga Hartarto, during the gala of the European Chamber of Commerce (EuroCham). Dinner in Indonesia 20th anniversary evening in Jakarta, Wednesday (06/19).

The European Union (EU) and its member countries are one of the parties that play an important role in Indonesia's foreign trade and investment. In 2023, total trade will amount to $30.8 billion and EU investment in Indonesia over the last five years (2019-2023) will reach $12.1 billion.

To optimize and increase the potential for further economic cooperation, the CEPA negotiations between Indonesia and the EU also continue to be accelerated and substantially completed. Once the agreement is concluded, the partnership between Indonesia and the EU is expected to reach a new level with the ability to facilitate and create new market access, increase trade between the EU and Indonesia and to increase direct investment.

“All these negotiations are very important for both parties, and President Joko Widodo also ordered that an agreement be reached quickly, so that investments can increase and bring greater prosperity to the community,” explained the Coordinating Minister Airlangga.

Gala dinner organized by EuroCham to celebrate its 20th anniversary, also marked EuroCham's long-term contribution to improving trade relations between Indonesia and the EU. This improvement in relations also influences the development of the Indonesian national economy.

“Him Gala dinner tonight is “Unleash two decades of excellence” “which is also part of Indonesia's transformation journey to create momentum towards a Golden Indonesia 2045. We hope that the EU, especially EuroCham, can become Indonesia's partner in achieving this vision by giving it access to new markets, technologies and investment opportunities through close collaboration,” emphasized Coordinating Minister Airlangga. .

Furthermore, Indonesia is the first ASEAN member to begin the process of joining the OECD and has the potential to become the third OECD member in Asia after Japan and Korea. It is hoped that the OECD accession process can be a catalyst for the formulation or refinement of higher quality policies and regulations.

“Thailand will also follow, and our entry from Southeast Asia will make the OECD stronger, because the OECD needs it. partner of the South loves us too. Therefore, concrete steps must be taken and I hope that the European business community will work together in the future, so that EuroCham's contribution to Indonesia can continue. loud and clear“, concluded Coordinating Minister Airlangga.

Also present at the event were Deputy Minister of Commerce Jerry Sambuaga, Deputy Coordinating Trade and Industry of the Coordinating Ministry of Economy Ali Murtopo Simbolon, EU Ambassador to Indonesia and Brunei Darussalam Denis Chaibi, President of EuroCham Indonesia François de Maricourt, Executive Director of EuroCharm Indonesia Edison Bako and a number of representatives of European companies in Indonesia. (representative/fsr)


Spokesperson for the Coordinating Ministry of Economic Affairs
Chief, Office of Communications, Information Services and Courts
Coordinating Ministry of Economic Affairs
Haryo Limanseto

Twitter, Instagram, Facebook, threads, TikTok and YouTube: @PerekonomianRI
Email: [email protected]
LinkedIn: Coordinating Ministry of Economic Affairs of the Republic of Indonesia




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