EU Delegation, South Sumatra Officials Discuss Trade, Investment Potentials

    Wahyu Dwi Anggoro - 16 June 2021 15:22 WIB
    EU Delegation, South Sumatra Officials Discuss Trade, Investment Potentials
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    Jakarta: The Delegation of the European Union (EU) to Indonesia, in collaboration with the South Sumatra Provincial Government, conducted Tuesday a virtual business roundtable to raise awareness on the on-going Comprehensive Economic Partnership Agreement (CEPA) negotiations between the EU and Indonesia and to discuss trade and investment opportunities with stakeholders in the province.

    The South Sumatra Provincial Government has implemented various programmes to accelerate the economic recovery as well as to promote investment in the infrastructure, industrial and agriculture sectors.


    "The European Union supports the efforts of South Sumatra provincial government to increase trade and investment. We have seen the recent return of foreign direct investment to Indonesia, including from the European Union. The Comprehensive Economic Partnership Agreement between Indonesia and the European Union (EU-Indonesia CEPA) will help to increase trade and investment even more and contribute to job creation and economic recovery in Indonesia," The EU Ambassador to Indonesia and Brunei Darussalam Vincent Piket said in a press release on Tuesday.

    "For over 30 years, the EU has partnered with Indonesia to increase trade and investment cooperation. In 2019, the EU launched the five-year ARISE+ Indonesia Trade Support Facility with the value of €15 million. The programme gives technical support to the Indonesian government and to companies to improve their export capacity and to meet the rules and standards for international trade," said the EU Ambassador.

    This virtual meeting with the EU Delegation was welcomed by the Vice Governor of South Sumatra Mawardi Yahya. 

    "Relations between Indonesia and the EU have always been very friendly and mutually beneficial, as well as cooperation in the fields of trade, economy, investment, agriculture, and other fields," he said.

    "South Sumatra has various advantages, including its strategic location on the international trade route, close to the centre of ASEAN economic activity, as well as the centre of government of the Republic of Indonesia. South Sumatra is also rich in natural resources, vast land, beautiful natural scenery, and diverse cultural heritage. We open the widest possible investment opportunities in the infrastructure sector, especially the construction of the Tanjung Carat sea port, toll roads and others,” explained the Vice Governor.

    The vice governor hoped that this meeting can encourage European investors to invest in South Sumatra.


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