Indonesia Investment Promotion Center (IIPC) Sydney


News & Event

Canberra, February 09, 2020

Ninth of February 2020 is a day to remember for Indonesia-Australia partnership. Marked the 70 years diplomacy relationship between the two countries, the President of the Republic of Indonesia Joko Widodo visited Canberra as a gesture to counter Prime Minister Hon. Scott Morrison attendance in the President Joko Widodo inauguration last October, shortly after his appointment for the second term in the office. A day after the welcoming ceremony by the 27th Governor-General of Australia, General David John Hurley, AC, DSC, FTSE, President Joko Widodo delivered an address in the House of Representatives, after attending the Annual Leaders Meeting with the Prime Minister Hon. Scott Morrison.

Another highlight of the state visit is the business roundtable between President Joko Widodo and the Australian business leaders at Park Hyatt Hotel Canberra, on Monday, 10th of February. Accompanied by several minister, including the Chairman of BKPM Bahlil Lahadalia, President Joko Widodo attended the business meeting and met with several CEOs from Australian companies, such as Blackmores, BlueScope, Coca-Cola Amatil, etc. The meeting was very brief yet productive as President Joko Widodo was hoping to convince Australian business leaders to make the right decision in investing and expanding their businesses in Indonesia.

Promoting and increasing foreign direct investment (FDI) have been the main priorities for President Joko Widodo’s second term in the office with numerous transformations have been made by the government to improve Indonesia’s investment climate and Ease of Doing Business (EODB) ranking to the top 50, including the assignment to the Indonesia Investment Coordinating Board (BKPM) to handle all the investment licensing from other ministries and the creation of omnibus law to simplify overlapping regulations.