Thursday, June 20, 2024

An Overview of Swiss Investments in Indonesia

Switzerland and Indonesia have enjoyed strong bilateral relations since the 1950s, with agreements such as an Investment Promotion and Protection Agreement (IPPA) and a Double Taxation Avoidance Agreement (DTAA) signed to strengthen economic ties. Swiss investments in Indonesia have been steadily growing, with 118 projects valued at US$599 million in 2021. Nestlé has been operating in Indonesia since 1971 and is a household name in the country. The Indonesian government has taken steps to make the country more attractive to foreign investors and is aiming to attract US$400 billion in infrastructure projects until 2024. The new capital city of Nusantara will also present massive opportunities for Swiss companies. For Swiss investors, entering Indonesia requires having a long-term outlook to take advantage of its population size, competitive labor market, and rising incomes.

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