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Indonesia, Switzerland sign MoU on trade, investment

Indonesia’s Investment Coordinating Board (BKPM) and the Swiss-Indonesian Chamber of Commerce (SwissCham Indonesia) have signed a memorandum of understanding (MoU) to boost trade and investment between the two countries.
Indonesia, Switzerland sign MoU on trade, investment ảnh 1At the signing ceremony (Photo: SwissCham Indonesia)
Jakarta (VNA) - Indonesia’s Investment Coordinating Board (BKPM) and theSwiss-Indonesian Chamber of Commerce (SwissCham Indonesia) have signed amemorandum of understanding (MoU) to boost trade and investment between the twocountries.

The three-year memorandum of understanding willimprove the mutually-beneficial investment climate between Indonesia and itspartners.

Under the MoU, BKPM and SwissCham Indonesia willbecome dialogue partners and serve as liaisons for communication between thetwo countries. The two sides will encourage discussions related to investmentpolicies, foreign direct investment (FDI), innovation and knowledge transfer.

Last year, Switzerland was the 10th largest foreign investor in Indonesia with 281projects worth 599.8 million USD. These investment projects came from food andbeverage companies, chemical and pharmaceutical, forestry, fisheries, amongothers.

According to Chairman of SwissChamIndonesia Chris Bendl, there are currently 150 Swisscompanies operating in Indonesia, creating about 50,000 jobs.

With the signing of the MoU, SwissCham hopes to continue its contribution inpromoting the ease of doing business in Indonesia and to increase investmentsfrom Swiss companies to Indonesia and vice versa, Bendl said./.
VNA
#Indonesia#Switzerland#SwissCham Indonesia#foreign direct investment#vietnamplus#vietnam news agency
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