"The Important Role of Immigration Policy in Advancing Ease of Doing Business in Indonesia".
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, there continue to be greater investment opportunities in Indonesia.
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) that was signed between Indonesia and EFTA countries (Switzerland, Norway, Liechtenstein, and Iceland). Entered into force in November 2021, the CEPA covers wide-ranging sectors, as well as emphasizing mutual market access for respective products.
An important aspect of the implementation of CEPA to intensify economic cooperation is the immigration policy. Immigration is an integral part of to ease of doing business, particularly in relation to the exploratory stage of investments as well as to the operation and expansion of existing investments.
*This event is only for SwissCham Indonesia Members