REPUBLIKA.CO.ID, MANILA -- Investors from the United States who are interested in investing in the country are eager to gain a better understanding of the legal certainty in establishing a business in Indonesia.
This particularly holds true after the government issued economic policies packages that are expected to facilitate the smooth flow of investment into the country.
"They strongly support, and just like the investors from all other countries, are looking for legal certainty and adequate infrastructure," Minister of Trade Thomas Lembong stated during the 2015 Asia-Pacific Economic Cooperation (APEC) meeting here, Thursday.
Thomas noted that in a bid to ensure legal certainty, Indonesia has been carrying out deregulation and debureaucratization to ease business processes in the country.
According to Lembong, the investors from the United States are harboring high expectations and view the policy to be positive.
"They are interested and positive after seeing the developments (of economic situations) in the last two or three months. They have urged us to provide the updates," he added.
In the meeting, Thomas explained the two points in the policy packages aimed at rationalizing the regulations and reducing administrative and licensing charges to ensure greater consistency in the Indonesian government's policies.
Thomas stated that the United States is one of the largest investors in Indonesia, and in the span of the last seven years has invested around US$65 billion.
"It has planned to invest up to US$61 billion in the next seven years," Thomas noted.
Indonesia's trade balance with the United States during the January-August 2015 period recorded a surplus of up to US$5.96 billion, an increase of 13.73 percent compared to US$5.24 billion noted in the same period in 2014.
Moreover, the total value of trade between the two countries during the same period reached US$16 billion, which decreased by 2.94 percent compared to US$16.49 billion recorded in the same period in 2014.
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