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NEW UPDATES Asean Affairs   13  November 2015  

U.S. Companies Engage Indonesia on Increasing Investment and Trade

A delegation of 27 leading U.S. companies organized by the US-ASEAN Business Council concludes a 3 day business mission to Indonesia tomorrow.  The delegation will meet with President Joko Widodo on November 12 following more than a dozen meetings with cabinet members and other government key officials, as well as representatives of the Indonesian business community.  The delegation is co-led by the Council’s Indonesia Committee Chairman Martin Gil, President Director for Indonesia of the Coca-Cola Company, Alexander C. Feldman, President & CEO of the US-ASEAN Business Council, and Ambassador Michael Michalak, Senior Vice President and Regional Managing Director of the US-ASEAN Business Council.
“This delegation comes at an ideal time for U.S. companies to follow up on issues raised during President Jokowi’s successful visit to the United States,” said Alexander Feldman.  “His administration has shown vision in creating reforms aimed at growing investment and increasing the pace of sustainable and inclusive growth. President Jokowi’s bold decision to explore joining the Trans-Pacific Partnership (TPP) has the potential to be a giant step forward in creating a business environment which will draw quality foreign investors from throughout the Asia-Pacific.”

The delegation engaged with the government to learn more about the administration’s plans for increasing economic growth and simplifying the bureaucracy. Companies will also follow up with President Jokowi on the positive dialogues and $20 billion of commercial deals that featured in his October visit to Washington, D.C., where he met with US-ASEAN Business Council members. Additionally, mission participants plan to discuss methods for improving Indonesia’s human capital, which is critical to sustainable and equitable growth. How Indonesia can best prepare for the launch of the ASEAN Economic Community (AEC) and the intensified competition that will come from Indonesia’s neighbors joining the Trans-Pacific Partnership will also be on the agenda.
“The Coca-Cola System has been committed to Indonesia for over 80 years, and we have ambitious growth and investment plans for the future, in line with the amazing potential of the country" said Martin Gil.  “President Jokowi’s successful visit to Washington and his six administrative reform packages are a very encouraging signal that the government is taking positive steps to accelerate growth and strengthen our optimism about the long term opportunity that Indonesia represents.  The Council’s 2015 Business Mission will enable Coca-Cola and the 26 other companies in our delegation to continue building long-term partnerships with the Indonesian Government and Indonesian business leaders.”
In addition to President Jokowi, other key officials the Council delegation will engage during the visit include:

    Coordinating Minister for Economic Affairs, H.E. Darmin Nasution
    Coordinating Minister for Maritime Affairs, H.E. Rizal Ramli
    Minister of Industry, H.E. Saleh Husin
    Minister of Information, Communication and Technology, H.E. Rudiantara
    Minister of Manpower, H.E. Hanif Dhakiri
    Minister of Trade, H.E. Thomas Lembong
    Minister of Research, Technology and Higher Education, H.E. Mohamad Nasir
    Minister of Finance, H.E. Bambang Brodjonegoro
    Minister of National Development Planning, H.E. Sofyan Djalil
    Chairman of Financial Services Authority, Muliaman Hadad
    Governor of Jakarta, H.E. Basuki Tjahaja Purnama

 The Council delegation began their mission with a briefing from U.S. Ambassador to Indonesia Robert Blake and other senior officials of the U.S. Embassy.  Mission participants also joined a business luncheon with the Indonesian Chamber of Commerce and Industry (KADIN) and the Indonesia Employers Association (APINDO).
Companies participating in the delegation include PT Abbott Indonesia, AT&T, BP Indonesia, Chevron, Coca-Cola, ConocoPhillips, Dow, ExxonMobil, FedEx, Freeport-McMoRan, General Electric, GSK, HP, IBM, Intel, Johnson & Johnson, MasterCard, McLarty Associates, Monsanto, P&G, PT. HM. Sampoerna Tbk, Qualcomm, Rio Tinto, Time Warner, Uber, UPS, and Visa.

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