Past Events

Indonesia’s Consul General Yul Edison spoke to a full house at the Chamber’s Asia, Africa & Middle East Committee meeting on 14 May about the country’s business environment and trade with Hong Kong and the region.

With a population of 285 million, 40% of whom are middle class, the economy has been enjoying annual GDP growth of 5%, and the government has set a target of 8% going forward. Hong Kong was Indonesia’s second largest investor in 2024, bringing accumulated FDI to US$33 billion in almost 9,000 projects.

While FDI is growing steady, the country has a large trade deficit with Hong Kong, which he is hoping to address with by boosting exports the country, while attracting more investment into the 25 special economic zones across the archipelago. He also aims to raise the number of Hong Kong tourists to Indonesia, which reached 56,000 last year, significantly behind the pre-covid number of 95,000.