Norwegian PM: Transparency Is Important For Investment  

Translator

Editor

Jumat, 17 April 2015 08:56 WIB

TEMPO.CO, Jakarta - The Prime Minister of Norway, Erna Solberg, made an official visit to Indonesia on April 14 to 16, 2015 in a bid to enhance bilateral cooperation between both countries. Solberg led a delegation of nine Norwegian companies during a business event "Norwegian Energy and Maritime Opportunities in Indonesia" at the Shangri-La Hotel in Jakarta.


"The story of Indonesia over the last 15 years has been remarkable. Economic growth has been above 5 percent every year since 2010, and the country has South-East Asia's largest economy and the world's 16th largest," Solberg said in her opening speech.


There are currently more than 40 Norwegian companies operating in the Indonesian market, mainly in the energy and maritime sector. Solberg added that Indonesia and Norway shared similar maritime history and tradition.


Solberg believed that there would be more trade cooperation and investors coming in from Norway to Indonesia, provided that Indonesia maintains a business climate that is conducive to investors. "I think it's always about transparency and the rule of law," said Solberg. She added that consistency in rules and regulations were also important for investors.


Susi Pudjiastuti, the Maritime Affairs and Fisheries Minister, said that Indonesia would prioritize cooperation that mutually benefits both countries. Susi added that the government's plan to ease investment permit will attract more investors. "But it can also be a way to select which investors are interested in the development in Indonesia," Minister Susi said.


The value of bilateral trade between Norway and Indonesia has reached up to US$ 450 million last year, a 22 percent increase from the number recorded in 2013, with the latter running a surplus. Indonesia is one of the biggest importers of Norwegian seafood.


AMANDA SIDDHARTA

Related News

Today's Top 3 News: Indonesia to Permanently Relocate 10,000 People after Ruang Volcano Eruptions

4 jam lalu

Today's Top 3 News: Indonesia to Permanently Relocate 10,000 People after Ruang Volcano Eruptions

Here is the list of the top 3 news on Tempo English today:

Read More

High-speed Rail Whoosh Offers 48 Trips per Day, Tariff Starting at Rp150,000

4 jam lalu

High-speed Rail Whoosh Offers 48 Trips per Day, Tariff Starting at Rp150,000

High-speed rail Whoosh has set 48 trips per day in May 2024 with the tariff starting from Rp150,000.

Read More

Hamas Negotiators Arrive in Cairo for Gaza Truce Talks; CIA Chief Also Present

8 jam lalu

Hamas Negotiators Arrive in Cairo for Gaza Truce Talks; CIA Chief Also Present

Hamas negotiators arrived in Cairo on Saturday for intensified talks on a possible Gaza truce that would see the return to Israel of some hostages.

Read More

World's 10 Dirtiest Countries, Is Indonesia Included?

9 jam lalu

World's 10 Dirtiest Countries, Is Indonesia Included?

The Numbeo database compiled the list of 111 countries in Asia, Africa, America, Europe, and Oceania that have the highest pollution levels.

Read More

Retno Marsudi: There's no intention of establishing diplomatic relations with Israel

13 jam lalu

Retno Marsudi: There's no intention of establishing diplomatic relations with Israel

Foreign Affairs Minister Retno Marsudi explains the Gaza war and the Iran-Israel conflict with its impact on Indonesia's economy.

Read More

Houthis Offer Education to Students Suspended in US Protest Crackdown

15 jam lalu

Houthis Offer Education to Students Suspended in US Protest Crackdown

Yemen's Iran-aligned Houthi militia is offering a place for students suspended from U.S. universities after staging anti-Israeli protests.

Read More

Jokowi Responds Positively on Prabowo's Presidential Club Initiative, Hopes it Can Be Done Every Two Days

16 jam lalu

Jokowi Responds Positively on Prabowo's Presidential Club Initiative, Hopes it Can Be Done Every Two Days

Indonesian President Joko Widodo or Jokowi has responded positively to the idea of the Presidential Club

Read More

Sam Ratulangi Manado Airport Is Still Closed Due to Ruang Volcano Eruption

17 jam lalu

Sam Ratulangi Manado Airport Is Still Closed Due to Ruang Volcano Eruption

Indonesia's Sam Ratulangi Manado Airport will temporarily be closed until Saturday, May 4 at 18:00 (GMT+8) due to the eruption of Mount Ruang.

Read More

China Launches Historic Mission to Retrieve Samples from Far Side of the Moon

18 jam lalu

China Launches Historic Mission to Retrieve Samples from Far Side of the Moon

China on Friday, May 3, launched an uncrewed spacecraft on a nearly two-month mission to retrieve rocks and soil from the far side of the moon.

Read More

Indonesia to Permanently Relocate 10,000 People after Ruang Volcano Eruptions

19 jam lalu

Indonesia to Permanently Relocate 10,000 People after Ruang Volcano Eruptions

The Indonesian government will permanently relocate almost 10,000 residents after a series of explosive eruptions of the Ruang volcano.

Read More