Mar 30 17:20
RI developing nine free trade zones to spur investment, VP says

Kuala Lumpur (Antara News) - Indonesia is currently developing nine free trade zones (FTZs) to help boost investment and industry in the country, visiting Vice President Jusuf Kalla said here Thursday.

"We are developing nine free trade zones, namely one each in Batam, Bintan, Aceh, North Sumatra, Banten, East Java, West Java, Kalimantan and Sulawesi," Kalla said in a dialogue with Malaysian businessmen.

He said, the government could establish more free trade zones if necessary.

The zones were being created to develop manufacturing industries dependent on imported feed-stocks whereas free trade zones were no needed to develop the plantation sector.

Kalla said the government would adopt a policy on investment that did not make a policy in investment that would not make any distinction between foreign and domestic investors.

On economic relations between Indonesia and Malaysia, Kalla said, bilateral ties would be improved based on mutual benefit.

Instead of sales and purchasing pattern, where one country sells and another buys a product, the two countries would work on mutual benefit cooperation.

Also in the Vice President`s entourage in the three-day visit to Malaysia are Transportation Minister Hatta Radjasa, Legal and Human Rights Minister Hamid Awaluddin, and a legislator of the Regional Representative Council (DPD), Irman Gusman.(*)
_________________________ Indonesian Business and Investment News Aggregator