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Invest Hong Kong (InvestHK) and the Investment Coordinating Board of the Republic of Indonesia (BKPM) today (May 18) signed a Memorandum of Understanding (MOU) pledging mutual co-operation on investment promotion exchanges and best practices.
The MOU was signed by the Acting Director-General of Investment Promotion at InvestHK, Mr Charles Ng, and the Chairman of BKPM, Mr Franky Sibarani.
Mr Ng said, "The MOU signed with Indonesia today is the ninth that we have signed with a country along the Belt and Road routes. Under the Belt and Road Initiative and as a 'super-connector' between Mainland China and the Association of Southeast Asian Nations (ASEAN) region, Hong Kong could provide an excellent platform for Indonesian companies to tap into the vast Mainland market and for Mainland companies to explore the ASEAN market."
Mr Sibarani said, "Hong Kong has always been one the biggest foreign investors in Indonesia. Hong Kong is an important world financial, trading and investment hub, and also a gateway for accessing East Asian markets. Indonesia, on the other hand, offers a unique gateway for accessing the ASEAN markets and also a production base for international export markets as the 10 Southeast Asian countries are now integrated in one single market and production base within the ASEAN Economic Community. The MOU will induce inward and outward investment flows, the exchange of information on potential investment opportunities as well as investment co-operation between the two economies."
The MOU provides a framework to enhance the close relationship between the Hong Kong Special Administrative Region (HKSAR) and Indonesia for their mutual benefit by promoting both inward and outward investment in the two jurisdictions. According to the MOU, both sides will exchange information on the investment environment and on investment opportunities, with a view to promoting investment between the HKSAR and Indonesia and sharing experience in attracting foreign investment as well as best practices in investment promotion. The two agencies will jointly co-ordinate business-visiting programmes and encourage interested local companies to set up or expand their business in the other jurisdiction.
About InvestHK
Invest Hong Kong (InvestHK) is the department of the Hong Kong Special Administrative Region Government established in July 2000 to attract foreign direct investment and support overseas and Mainland businesses to set up or expand in Hong Kong. It provides free advice and customised services to help businesses succeed in Hong Kongˇ¦s vibrant economy. As of December 2015, InvestHK had assisted over 3 820 companies which have created more than 41 200 new jobs in the first year of operation or expansion and over HK$101 billion of investment. For more information, please visit: www.investhk.gov.hk.
About BKPM
As the primary interface between business and government, BKPM is mandated to boost domestic and foreign direct investment by creating a conducive investment climate. Restored to ministerial status in 2009, and reporting directly to the President of the Republic of Indonesia, this investment promotion agency's goal is not only to seek more domestic and foreign investment, but also to seek quality investments that improve social inequality and reduce unemployment. For more information please visit: www.bkpm.go.id
For event photo, please visit: www.flickr.com/photos/investhk/albums/72157668412171556.
Ends/Wednesday, May 18, 2016
Issued at HKT 14:56
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