UK supports Indonesia to improve investment ecosystem
Indonesia’s Coordinating Ministry for Economic Affairs has set a target of attracting 1,250 -1,400 trillion rupiah (82-92 billion USD) in investment in 2023 through passing policies to promote business licensing reform.
Jakarta (VNA) – ▨Indonesia’s C🦄oordinating Ministryfor Economic Affairs has set a target of attracting 1,250 -1,400 trillion rupiah (82-92billion USD) in investment in 2023 through passing policies to promote businesslicensing reform.
In a statement released on February 21, Secretary of theCoordinating Ministry for Economic Affairs Susiwijono Moegiarso said that theministry, as the coordinator of preparations for regulatory reformto improve the investment ecosystem and business activities, has collaboratedwith the British Government since 2019 in making business licensing reform asuccess. Several cooperation programmes with the British Government includetechnical assistance in formulating risk-based business licensing policies andimproving the implementation of risk-based supervision in the field, besidesbenchmarking the implementation of risk-based licensing and supervision fromthe British Government. Cooperation between the Coordinating Ministry for EconomicAffairs and the British Government has played a very significant role in the successof regulatory reform in improving the investment ecosystem and ease of doingbusiness in Indonesia, and it is hoped to develop good cooperation to encouragefurther ease of doing business and a conducive investment climate in Indonesia,according to the statement. Graham Russell, Chief Executive of the Office of Product Safety and Standards at the UK's Department for Business and Trade, said that the British Governmenthas worked for years to create a regulatory environment where businesses caninvest and thrive while protecting citizens and the environment. He added the UK is enthusiastic about helping the Government ofIndonesia focus on business licensing and inspections to reduce risks./.
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Illustrative photo (Photo: AFP) 
