As Southeast Asia's largest economy, Indonesia continues to be an increasingly attractive destination for foreign investments, reporting around USD 737 million of foreign direct investments in 2022. With yearly improvements in its ease of doing business and more business classifications open to foreign direct investments, Indonesia has more significant investment opportunities.
For Switzerland, Indonesia is one of the top priority countries for economic cooperation, while Switzerland is one of the largest European investors in Indonesia. This strong relationship is reflected in the 2018 Comprehensive Economic Partnership Agreement (CEPA) signed between Indonesia and EFTA countries (Switzerland, Norway, Liechtenstein, and Iceland). Entered into force in November 2021, the CEPA covers wide-ranging sectors and emphasizes mutual market access for respective products.
An important aspect of implementing CEPA to intensify economic cooperation is the Local Content Requirements (TKDN) in Indonesia for SwissCham members from diverse sectors, including Construction, Pharmaceuticals, Infrastructure, FMCG, Logistics, Agriculture, Chemical, etc. TKDN policy is an integral part of the ease of business, particularly with the operation and expansion of existing trade and investments in Indonesia.
*This event is only for SwissCham Indonesia Member Companies