COOPERATION: The agreement was designed to protect investment in each other’s territory. Taiwanese firms last year invested US$397 million in Indonesia, up 166% from 2016

Taipei Times
Date: Mar 30, 2018
By: Kuo Chia-erh  /  Staff reporter, in JAKARTA

The government is assessing the feasibility of renewing an economic cooperation agreement with Indonesia to foster bilateral trade and investment, as part of efforts to push the New Southbound Policy, the Ministry of Economic Affairs said yesterday.

A feasibility assessment, which began at the end of last year, is expected to be completed later this year, Vice Minister of Economic Affairs Wang Mei-hua (王美花) said before the opening ceremony of the Taiwan Expo in Jakarta.

“An assessment was finished in 2012, but things have changed [over the past few years]. We have to take into account the present situation,” Wang told reporters.

The government plans to renew a bilateral investment agreement with Indonesia aimed at protecting investment in each other’s territory.    [FULL  STORY]