Amsterdam, 28-29 May 2024
The Embassy of the Republic of Indonesia in The Hague, in partnership with the Indonesia Investment Promotion Centre (IIPC) London and the Bank Indonesia Representative Office London, will host the Indonesia – the Netherlands Trade, Tourism, and Investment (TTI) Forum on 28-29 May 2024 in Amsterdam. This significant event aims to foster a cross-stakeholder dialogue and business networking opportunities between Indonesia and the Netherlands, enhancing investment, trade, and tourism cooperation between the two nations.
Forum Agenda and Highlights
The TTI Forum will officially commence on 28 May 2024, at Hotel Okura, Ferdinand Bolstraat 333, 1072LH Amsterdam. The event will begin with an inaugural address by H.E. Mayerfas the Ambassador of the Republic of Indonesia to the Kingdom of the Netherlands. Following the opening, a High-level/Ministerial Forum will take place to discuss the current outlook of Indonesia’s economy. A panel discussion will follow, focusing on enhancing bilateral cooperation between Indonesia and the Netherlands in the dynamic global context.
On 29 May 2024, the forum will shift to the Indonesia House Amsterdam, Brachthuijzerstraat 4, 1075EN Amsterdam, where a bilateral investment forum will be held. This segment will delve into strategies for boosting bilateral investment performance, particularly in three priority sectors: sustainable infrastructure and transport, renewable energy, and sustainable tourism.
Attendees and Side Events
The Forum is set to attract a distinguished array of participants, including ministers, ambassadors, senior officials, experts, and business leaders from both Indonesia and the Netherlands. In addition to the main forum events, several side activities are planned. These include Trade Business Matching sessions between Indonesian sellers and Dutch buyers, dialogues with Indonesian MSMEs, one-on-one and one-to-many investment project meetings, and TTI exhibitions at the Indonesia House Amsterdam.
Economic Resilience and Investment Opportunities
Despite global economic uncertainties, Indonesia has demonstrated strong economic resilience. The country’s economy is projected to grow between 4.7% and 5.5% in 2024, buoyed by robust domestic demand and substantial investment in infrastructure and private sector development. In the first quarter of 2024, Indonesia’s goods trade balance maintained a surplus, contributing to a healthy current account. The manufacturing and construction sectors are expected to sustain solid growth, supported by strategic national projects and favorable government incentives that have spurred significant growth in building investment and household consumption.
Inflation, as monitored by Bank Indonesia, has been effectively managed within the target range of 2.5%±1%, with the Consumer Price Index (CPI) inflation at 3.00% as of April 2024. Looking forward, Indonesia is confident that CPI inflation will remain under control and within the target corridor for 2024.
The Netherlands has consistently ranked among the top 10 sources of Foreign Direct Investment (FDI) entering Indonesia globally. Over the past five years, it has been the European country with the highest investment realization value in Indonesia. Known as a trade hub to greater Europe and a global advocate for the green and circular economy, the Netherlands presents a strategic partner for Indonesia.
Investment Projects and Opportunities
Indonesia has developed Investment Projects Ready-to-Offer (IPRO) with a potential investment value of USD 16 billion, inviting Dutch and European investors to collaborate and invest in key sectors. These sectors include manufacturing, infrastructure, renewable energy, industrial estates, food, and agriculture. More than half of these projects are situated in East Kalimantan, supporting the development of the new capital city, Ibu Kota Nusantara (IKN).
To bolster foreign reserves and stabilize the Rupiah, Indonesia is committed to supporting its MSMEs in accessing international markets, including Europe. A dedicated side event will showcase premier products from Indonesian MSMEs, highlighting their potential to international buyers.
The Indonesia-the Netherlands Trade, Tourism, and Investment Forum promises to be a very important event in strengthening the economic and business ties between Indonesia and the Netherlands.
