• Advertise
  • Contact Us
  • About Us
  • Supplier Directory
  • Login
  • Subscribe
  • Logout
  • My Profile

  • CORONAVIRUS
  • LOGISTICS
    • Air Cargo
    • All Logistics
    • Express/Small Shipments
    • Facility Location Planning
    • Freight Forwarding/Customs Brokerage
    • Global Gateways
    • Global Logistics
    • Last Mile Delivery
    • Logistics Outsourcing
    • LTL/Truckload Services
    • Ocean Transportation
    • Rail & Intermodal
    • Reverse Logistics
    • Service Parts Management
    • Transportation & Distribution
  • TECHNOLOGY
    • All Technology
    • Artificial Intelligence
    • Cloud & On-Demand Systems
    • Data Management (Big Data/IoT/Blockchain)
    • ERP & Enterprise Systems
    • Forecasting & Demand Planning
    • Global Trade Management
    • Inventory Planning/ Optimization
    • Product Lifecycle Management
    • Sales & Operations Planning
    • SC Finance & Revenue Management
    • SC Planning & Optimization
    • Sourcing/Procurement/SRM
    • Supply Chain Visibility
    • Transportation Management
  • GENERAL SCM
    • Business Strategy Alignment
    • Education & Professional Development
    • Global Supply Chain Management
    • Global Trade & Economics
    • HR & Labor Management
    • Quality & Metrics
    • Regulation & Compliance
    • SC Security & Risk Mgmt
    • Sustainability & Corporate Social Responsibility
  • WAREHOUSING
    • All Warehouse Services
    • Conveyors & Sortation
    • Lift Trucks & AGVs
    • Order Fulfillment
    • Packaging
    • RFID, Barcode, Mobility & Voice
    • Robotics
    • Warehouse Management Systems
  • INDUSTRIES
    • Aerospace & Defense
    • Apparel
    • Automotive
    • Chemicals & Energy
    • Consumer Packaged Goods
    • E-Commerce/Omni-Channel
    • Food & Beverage
    • Healthcare
    • High-Tech/Electronics
    • Industrial Manufacturing
    • Pharmaceutical/Biotech
    • Retail
  • REGIONS
    • Asia Pacific
    • Canada
    • China
    • Europe
    • Latin America
    • Middle East/Africa
    • North America
  • THINK TANK
  • PODCASTS
  • VIDEOS
  • WHITEPAPERS
Home » U.S.-Indonesia Trade Could Swell to More Than $131Bn by 2019, But Reforms Are Necessary

U.S.-Indonesia Trade Could Swell to More Than $131Bn by 2019, But Reforms Are Necessary

September 19, 2016
U.S. Chamber of Commerce

The estimates stem from a report entitled Vital & Growing: Adding up the US-Indonesia Economic Relationship released by the U.S. Chamber of Commerce and AmCham Indonesia at the U.S.-Indonesia Investment Summit.

According to the report, achieving the best-case scenario will depend largely on actions taken by both governments. The report notes that Indonesia has already undertaken certain economic reforms, but will need to continue and expand that process to achieve the desired outcome.

The report points out the following priorities:

Legal certainty is the foundation for business confidence and growth. Both U.S. and Indonesian companies will be able to invest, grow and create jobs if there is greater legal certainty in terms of contract sanctity, enforcement of existing laws and an impartial judiciary.

Collaboration and communication are vital for the creation of an enabling economic environment. Effective communication with the private will yield more effective and rational policies and regulations.

Innovation is the key to keeping pace in a dynamic global economy. Incentives for taking risks, investment in research and development, and human resource capacity building are the keys to innovation.

Bureaucratic and policy reforms must continue and expand. Specific examples include the ending of the Negative Investment List, rationalization of the work permit process, streamlining of permitting at all levels of government, and reform and proper incentivization of the civil service and judiciary.

The report also looks at nine industrial, extractive, and service sectors. Each one is at a different stage of development with U.S. companies playing different roles in each. The degree to which each sector is controlled by the government is a main factor in its performance. Based upon a ranking system developed in the report, the creative economy, finance, and infrastructure sectors have a high degree of future potential.

Several sectors in which U.S. companies have a significant presence have average prospects growing apace with GDP, such as oil and gas, consumer goods, and agriculture. Other sectors have lower potential partly due to restrictive government policies that inhibit investment and create uncertainty. These include extractive, pharmaceutical/healthcare/life sciences, and information communications technology.

Source: U.S. Chamber of Commerce

RELATED CONTENT

RELATED VIDEOS

Global Trade Management Global Supply Chain Management Asia Pacific North America
KEYWORDS Asia Pacific Global Supply Chain Management Global Trade Management North America
  • Related Articles

    U.S., China Are Close to a Trade Deal That Could End U.S. Tariffs

    April Expected to See U.S. Retail Imports Rise by More Than 6 Percent

    There Now Are More Job Openings in the U.S. Than Unemployed Workers to Fill Them

U.S. Chamber of Commerce

U.S. Chamber Endorses Promotion Agreement for Trade With Peru; Citing Benefits to Small Business

More from this author

Wake up to Coronavirus Updates and the latest Supply Chain News!

Subscribe to our Daily Newsletter

Timely, incisive articles delivered directly to your inbox.

Popular Stories

  • Coronavirus-watch-Armada

    Virus Update: U.S. Vaccination Pace Hits 2 Million a Day; Gasoline Stockpiles Plunge

    Coronavirus
  • Walmart

    Walmart Embraces a Local Fulfillment Model for Grocery

    Logistics
  • Shipping Logjam

    U.S. Retailers See Millions in Sales Delays Amid Shipping Logjam

    Coronavirus
  • How Can E-Commerce Retailers Compete?

    Smaller E-Tailers Weigh Pros and Cons of Fulfillment by Amazon

    Logistics
  • Amazon

    Podcast | Making It As an Amazon Seller: It’s No Picnic

    Logistics

Digital Edition

Scb feb 2021 lg

2021 Supply Chain Management Resource Guide

VIEW THE LATEST ISSUE

Case Studies

  • Remote Implementation: A Dose of the Right Medicine for B2B Pharmacy

  • LSP Saves Customer $1.5 Million a Year With MPO Global Inbound Management

  • Auto Supplier Wows Key Client Using riskmethods Supply Chain Savvy

  • Integrating Shipping and Compliance Saves Conglomerate Millions

  • How a Consumer Goods Giant Upped Its On-Time Delivery Performance

Visit Our Sponsors

6 River Systems ArcBest Armada
aThingz BluJay Burris Logistics
DSC Logistics DCSA (Digital Container Shipping Association) DHL Resilience360
Genpact Geodis GEP
GreyOrange Honeywell Intelligrated Infor
Inmar Kibo Commerce Logility
Magnitude Software MPO Old Dominion
Oliver Wight OpenSky Paccurate
Ports America Purolator QAD Precision
Red Classic Riskmethods Snapfulfil
TGW Systems Tradepoint Atlantic Transportation Insights
Watson Land Company Westfalia Technologies Workjam
Yang Ming    
  • More From SCB
    • Featured Content
    • Video Library
    • Think Tank Blog
    • SupplyChainBrain Podcast
    • Whitepapers
    • Webinars
  • Digital Offerings
    • Digital Issue
    • Subscribe
    • Manage Your Subscription
    • Newsletters
  • Resources
    • Events Calendar
    • SCB's Great Supply Chain Partners
    • Supplier Directory
    • Case Study Showcase
    • Supply Chain Innovation Awards
    • 100 Great Partners Form
  • SCB Corporate
    • Advertise on SCB.COM
    • About Us
    • Privacy Policy
    • Contact Us
    • Data Sharing Opt-Out

All content copyright ©2021 Keller International Publishing Corp All rights reserved. No reproduction, transmission or display is permitted without the written permissions of Keller International Publishing Corp

Design, CMS, Hosting & Web Development :: ePublishing