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Indonesia, Japan to boost investment cooperation

Indonesian President Joko Widodo pledged to create room for Japanese investors to conduct business in Indonesia at a business forum held on March 24 in Japan, during his first visit to Japan since taking office in October.
Indonesian President Joko Widodo pledged to create room for Japaneseinvestors to conduct business in Indonesia at a business forum held onMarch 24 in Japan, during his first visit to Japan since takingoffice in October.

Event participants included over 1,000 Japanese enterprises and officials.

Duringthe event, the president fielded queries from Japanese enterprises oncurrent issues including infrastructure, licensing, financial policies,and fuel subsidy policies while asserting improvements in a number offields.

The president said fuel subsidy policies wereremoved last year and committed to intensify Indonesia’s infrastructureand investment climate and issue permanent residence permits forJapanese experts with bachelor’s degrees.

On the occasion, amemorandum of understanding (MoU) on enhancing investment cooperationbetween the two countries was signed by Indonesia’s InvestmentCoordinating Board (BKPM) and Japan’s External Trade Organization(JETRO).

The MoU is hoped to increase the total Japanese investment in Indonesia this year to 5.4 billion USD.

In the ASEAN region, Indonesia is ranked third after Singapore and Thailand as top destinations for Japanese investment.-VNA
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