Indonesia has improved its investment climate : Japan

Tokyo (Antara News) - The Japanese government acknowledges that Indonesia has made progress in improving its investment climate so that Japanese Prime Minister Shinzo Abe will bring 150 top Japanese business executives in his visit to Jakarta next week, a Japanese official said here on Tuesday.

The Japanese prime minister`s visit which will last from August 19 to 21, 2007 will mark more progressive bilateral relations between Japan and Indonesia, Director General for Media Relations of the Japanese Ministry of Foreign Affairs, Mitsuo Sakaba told ANTARA.

Abe will be in Indonesia to pay a return visit to the one made by Indonesian President Susilo Bambang Yudhoyono in Japan November 2006.

Shinzo Abe and President Susilo Bambang Yudhoyono are scheduled to sign an Economic Partnership Agreement (EPA) in which Indonesian products will be allowed to swamp Japanese markets.

The Economic Partnership Agreement between Indonesia and Japan, would also enable Indonesian semi-professional workers to enter Japan.

Sakaba said that a good investment climate should be developed jointly by both countries. "There is a tight competition among Asian countries in attracting Japanese investment," he added.

That`s why, Japan needed to make serious efforts in developing its investment climate. Indonesia, as a large country, had exceptional potentials that could attract investors, Sakaba said.

He suggested that Indonesia prepare and settle many matters relating to investment such as infrastructure, labor law and remove barriers that hamper export-import activities.

The entourage of the Japanese prime minister will include also 51 top journalists.

The Indonesian Embassy in Tokyo has issued visas for 51 journalists who will accompany Japanese Prime Minister Shinzo Abe`s visit to Jakarta.

"The visas for the 51 journalists have just been issued. The journalists are part of the Japanese prime minister`s entourage to Jakarta," Immigration Attache of the Indonesian Embassy here, Mirza Iskandar, said.

Journalists that will accompany the prime minister among other things came from Kyodo News Agency and leading daily newspapers such as the Asahi Shimbun, The Yomiuri Shimbun, The Mainichi, Sankei Shimbun, as well as from electronic media such as NHK and Fuji Television. (*)
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