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Indonesia-US economic ties to strongly develop in next five years

The US-Indonesia trade may increase by 46 percent in the next five years, according to the latest report from the US Chamber of Commerce in Indonesia.
Indonesia-US economic ties to strongly develop in next five years ảnh 1Indonesian workers at the US Nike Footwear Company (Source: reuters)

Jakarta (VNA) – The US-Indonesia trade may increase by 46 percent in the next five years, according to the latest report from the US Chamber of Commerce in Indonesia.

The report appreciates efforts by President Jokowi’s government in carrying out economic reforms and improving the business environment, saying that the reform needs to be stepped up.

It also urges the Indonesian government to boost the law enforcement and create a more solid and fair legal foundation, especially in respecting commercial contracts, which is very important in creating confidence for businesses who intend to do business in Indonesia.

The report recommended the Indonesian government continue reforming administrative procedures and investment policy and cut investment licensing time.

In 2014, two-way trade between the US and Indonesia surpassed 90 billion USD.-VNA

VNA
#US-Indonesia#economic reforms#business environment#legal foundation#investment licensing
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