REPUBLIKA.CO.ID, JAKARTA - The European Business Chamber of Commerce in Indonesia, EuroCham Indonesia, has called on the Indonesian government to ease business and investment regulations by strengthening coordination among ministries.

"These recommendations are from the perspectives of European businesses on issues affecting the trade and investment climate in Indonesia," Chairman of EuroCham Indonesia, Jakob Friis Sorensen, said in a written statement on Saturday. 

The EuroCham was interested in being proactively involved in dialogs to help Indonesia reach its potential growth and development, he said. Indonesia's economic growth in 2013, at 5.78 percent, offered significant opportunities for sustainable economic development with the support of trade and investment.

Sorensen emphasized the importance of involving all stakeholders, including foreign investors, in consultations on drafting new policies. Such consultations would help improve transparency, investors confidence, and legal certainty, he added.

The European Union is Indonesias fourth largest trade partner and third largest direct investment source. EuroCham data indicates that the value of European Union investment was 2.41 billion USD in 2013, and the investment of the European companies engaged in added values industries, such as infrastructure, manufacturing, pharmacy and banking, provided more than 1.1 million jobs in Indonesia. On its website, EuroCham said the attractiveness of Indonesia as an investment destination is improving, with positive outlooks for credit ratings and record investment levels. 

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