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Jakarta Post

US firms want a piece of Indonesia

  • Linda Yulisman

    The Jakarta Post

Jakarta   /   Fri, February 10 2012   /  08:36 am

Buoyed by strong economic growth and a relatively stable political environment, Indonesia is poised to become a key investment destination for US companies, provided that the historical impediments to investment in the country are addressed, the US-ASEAN Business Council says.

The council visited Jakarta from Monday to Friday as part of an annual program, meeting top government officials and business leaders for consultation. The council arrived with its largest-ever delegation, comprising 35 executives from US companies, including Ford Motor Company, Procter and Gambler, Monsanto, IBM, Freeport, Caterpillar and Seagate.

The delegates have so far had the opportunity to discuss their concerns regarding the investment climate with Vice President Boediono, Trade Minister Gita Wirjawan, Defense Minister Purnomo Yusgiantoro, Indonesian Chamber of Commerce and Industry chairman S...