ASIATODAY.ID, JAKARTA – The Indonesian government, through the Coordinating Ministry for Economic Affairs, represented by the Secretariat General of the National Council for Special Economic Zones (KEK), held a meeting with the Mouvement des Entreprises de France (MEDEF) International in Paris, France, last Thursday (2/11).
This meeting aims to encourage French investment in Indonesia and promote Indonesian SEZs to investors and business people from France, as well as to explore cooperation between Indonesian SEZs and MEDEF International.
“The collaboration between the Secretariat General of the National Council for Special Economic Zones and MEDEF International has great potential to encourage investment in Indonesia, because MEDEF International is a representation of French entrepreneurs, with members including large and medium companies,” said the Secretary of the Coordinating Ministry for Economic Affairs. , as Plt. Secretary General of the KEK National Council, Susiwijono Moegiarso, quoted Thursday (9/11/2023).
The bilateral relations between France and Indonesia, which have been well established since September 1950, are now continuing to be strengthened. For example, the two countries agreed to establish a strategic partnership focused on five areas of cooperation, namely trade and investment, education, defense industry, social culture, and handling the impacts of climate change.
The realization of French investment in Indonesia in 2019 was recorded at US$16.89 million for 255 projects. This figure increased significantly compared to the previous year of US$13.10 million for 186 projects.
Furthermore, according to Ministry of Foreign Affairs records, there has been a significant increase in French investment in Indonesia, namely 480% from US$25 million in 2020 to US$145 million in 2021.
The Indonesian delegation, led by the Secretary of the Coordinating Ministry for Economic Affairs, Susiwijono, was received by the Chairman of the France-Indonesia Business Council and Chairman of the Supervisory Board of Louis Dreyfus Armateurs, M. Phillippe Louis-Dreyfus.
On this occasion, the Secretariat General of the National Council for Special Economic Zones explained a number of investment opportunities in the 20 SEZs that had been determined by the Government, then the incentives and conveniences that French business actors could obtain if they invested in Indonesian SEZs.
There are at least nine business actors and investment consultants from France who are actively discussing various investment problems and potential in Indonesia, namely Alstom – transportation system industry, DS Advocats – law firm/investment consultant, L’oreal – Beauty, cosmetics, health products industry, Naval Group – deep technology and defense industry, Thales – deep technology industry, Eiffage Infrastructure – strategic infrastructure construction industry, Flying Whales – aircraft industry, Pernod Ricard – beverage industry, and Montgomery Conseil – industrial consultancy and business services.
A number of company representatives who attended expressed their interest in the incentives and conveniences available in the KEK, and expressed plans to explore investment in the KEK. Apart from that, there are business actors from France who have previously invested in Indonesia who have submitted requests for government support for various customs and taxation issues in their existing industries, and they have also expressed interest in expanding investment in existing SEZs, considering the number of incentives and conveniences which is offered.
Susiwijono also expressed his hope to expand cooperation with MEDEF International.
“As far as possible, we can expand our relationship to several areas of cooperation, such as joint promotional events, technical cooperation, etc. “We also want to show our commitment as the Indonesian Government to support the development of KEK by providing incentives, both fiscal and non-fiscal incentives,” he added.
MEDEF is the largest federation of entrepreneurs/businesspeople in France that promotes the country’s business interests internationally and plays an active role in developing business partnerships throughout the world.
MEDEF was founded in 1988, replacing the Conseil National du Patronat Français (CNPF) or National Council of the French Employers. More than 95% of MEDEF member companies are Small and Medium Enterprises.
MEDEF has 173 thousand member companies, consisting of 122 territorial organizations (113 in France and 9 abroad), and 77 professional federations that unite all business sectors (industry, services, construction, trade), as well as 14 associated organizations and partners. (AT Network)
Check out other news and articles at Google News