John Lee Strengthens ASEAN Relations as Hong Kong Emerges as Second-Largest Investor in Indonesia
Strengthening Ties with ASEAN
John Lee Ka-chiu, Chief Executive of Hong Kong, expressed a strong commitment to enhancing relations with ASEAN countries, specifically Indonesia. During a recent forum hosted by the Indonesian consulate in Hong Kong, he acknowledged Indonesia as Hong Kong's second-largest investor.
Trade and Investment Opportunities
Lee emphasized that initiatives beneficial to Indonesian communities and the greater ASEAN region are paramount. The trade volume between Hong Kong and Indonesia has reportedly reached US$6 billion as of September. Djauhari Oratmangun, Indonesia’s ambassador to China, highlighted that much potential remains open for investors considering Indonesia. He stressed the importance of sectors like mining and infrastructure for upcoming investments.
- RCEP Expansion: Lee noted the significance of Hong Kong's bid to join the Regional Comprehensive Economic Partnership (RCEP).
- Investment Sectors: Opportunities in tropical fruit, fish products and more commodities are ripe for exploration.
New Visa Arrangements and Economic Initiatives
Lee outlined the expansion of Hong Kong's BUD Fund to encompass the ASEAN bloc, alongside a new extended mainland visa arrangement for business and leisure travel. The city serves as a gateway for Indonesian firms targeting the Greater Bay Area market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.