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Indonesia, Switzerland sign MoU on trade, investment
The BKPM and SwissCham Indonesia have signed an MoU to boost bilateral trade and investment.
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Representatives of the Investment Coordinating Board (BKPM) and SwissCham Indonesia and the Swiss-Indonesian Chamber of Commerce (SwissCham Indonesia) sign a digital memorandum of understanding on trade and investment during an online event on March 15, 2022. (SwissCham Indonesia/-)
T
he Swiss-Indonesian Chamber of Commerce (SwissCham Indonesia) and the Investment Coordinating Board (BKPM) have signed a memorandum of understanding (MoU) to boost trade and investment between the two countries.
The scope of the three-year MoU includes liaising on several issues, including investment policies, foreign direct investment (FDI) as well as innovation and knowledge transfer.
“SwissCham sees Indonesia as an ideal investment destination with great economic potential,” Khalid Ibrahim, who heads the ease of doing business sectoral group at SwissCham Indonesia, said at the virtual MoU signing ceremony on Tuesday.
“The Indonesian government via BKPM has consistently provided equal investment opportunities for every country, including Switzerland.”
Last year, Switzerland was Indonesia’s tenth largest foreign investor with an investment value of US$599.8 million from 281 projects in various sectors, including food and beverage, chemicals and pharmaceuticals, and forestry and fisheries.
Read also: Palm oil row fuels Swiss vote on Indonesia trade deal
Swiss Ambassador to Indonesia Kurt Kunz and special advisor to BKPM on investment competitiveness enhancement Heldy Satrya Putera attended Tuesday’s signing ceremony as witnesses of the MoU.
