Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>Indonesia>>Investment>>Switzerland expected to boost investment in Indonesia
NEWS UPDATES Asean Affairs   1 April  2016  






Switzerland expected to boost investment in Indonesia

Indonesia and Switzerland have expressed their commitment to improved bilateral ties, particularly on investment, as President Joko “Jokowi” Widodo on Wednesday welcomed Swiss Vice President Doris Leuthard at the State Palace in Central Jakarta.

Citing 2015 data, which show a 102 percent increase in trade volumes compared to the previous year, with Indonesia enjoying a surplus, Foreign Minister Retno LP Marsudi said the two countries were confident about two-way trade.

“We also agree to continue efforts to increase investment, particularly Swiss investment in Indonesia,” said Retno, who accompanied Jokowi to the courtesy meeting at the Palace.

At present, there are about 150 Swiss companies in Indonesia, including food and beverage giant Nestle, which operates four factories in the country.

Swiss companies are among the dominant players in the food and beverage, pharmaceutical, agricultural, biotech, banking and insurance sectors.

Leuthard’s delegation included representatives of 10 Swiss companies operating in various markets, from civil aviation to energy efficiency.

Retno said the two countries had also discussed progress on negotiations between Indonesia and the European Free Trade Association (EFTA), which comprises four European nations that are among the world’s richest in terms of income per capita: Switzerland, Norway, Iceland and Liechtenstein.

“Negotiations on EFTA will resume soon, and there is very significant progress on efforts to improve economic cooperation,” she said.

The two countries are set to renew their aviation cooperation agreement on Thursday, which is expected to lead to more flights between Indonesia and Switzerland, said Transportation Minister Ignasius Jonan, who also accompanied Jokowi to the meeting on Wednesday.

“Tomorrow [Thursday], we will also discuss a number of issues on transportation, including railways and aviation,” Jonan added.

Earlier that day, Leuthard and Coordinating Maritime Affairs Minister Rizal Ramli discussed cooperation in numerous fields, including maritime affairs, tourism, energy and public transportation, as reported by Antara news agency.

Rizal said Indonesia had asked Switzerland to help the archipelagic country produce skilled human resources in the hospitality and tourism sector as Indonesia planned to build a tourism school near the Mandalika special economic zone in West Nusa Tenggara.

The government has also invited Switzerland to seek opportunities in developing Indonesia’s public transportation.

The Swiss government, which has experience and technology in hydro energy, solar power and electricity, had expressed its intention to build a solar cell factory in Indonesia, Rizal added.

We welcome [this initiative], since we do not want to merely serve as a market; we want to be a producer [of solar cells] for other ASEAN countries,” Rizal said as quoted by Antara.

Meanwhile, Leuthard said last year’s trade between Indonesia and Switzerland was quite strong at around US$2 billion.

Leuthard also paid a visit to the Meteorology, Climatology and Geophysics Agency (BMKG) to observe progress on an existing cooperation project — initiated by the Swiss Agency for Development and Cooperation and its meteorology and climatology office — to increase Indonesia’s capacity in measuring greenhouse gases.

Later on Wednesday, Jokowi also held a meeting with visiting Bulgarian Foreign Minister Daniel Mitov, in which the two expressed their commitment to improve bilateral ties, particularly on economic cooperation.



Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



 
Today's  Stories                           April 1, 2016 Subsribe Now !
• Kingdom's economy to remain stable: ADB  Subcribe: Asean Affairs Global Magazine

• Brunei economy to return to growth this year: ADB
• Switzerland expected to boost investment in Indonesia
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

VN insurance value hits $524b  
Singapore bank lending dips in February as general commerce loans slide 
Asean Analysis                   April 1, 2016
• Asean Analysis April 1, 2016
Foreign Minister Aung San Suu Kyi Has China, Myanmar’s Military Watching
Advertise Your Brand

Asean Stock Watch  March 31, 2016
• Asean Stock Watch-March 31, 2016
The Biweekly Update
• The Biweekly Update April 1, 2016

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com