By: Dodik Prasetyo) *
The Job Creation Law is a breakthrough for the Government to reduce hyper-regulation. With this legal certainty, the interest of investors to invest in Indonesia will increase.
Agus Gumiwang as Minister of Industry said that Japanese business actors view the Job Creation Law as important to increase the confidence of investors and potential investors.
This was conveyed by the Minister of Industry after meeting with an association of 100 companies in Japan or Kaidanren and the Japan External Trade Organization is an Independent (Jetro).
In his official statement, Agus said that they responded that the Job Creation Law was important to increase the confidence of investors and potential investors. With this regulation, the level of ease of doing business in Indonesia will be much better.
He continued, the Japanese business association and Jetro gave appreciation to the Indonesian government regarding the import substitution policy.
During his working visit, the Minister of Industry also met with the Ministry of Economy, Trade and Industry (METI) to explore the evaluation process and follow-up of the Indonesia-Japan Economic Partnership Agreement (IJEPA) and Center (New MIDEC), as well as encourage investment in the petrochemical sector.
Furthermore, on the second day in Japan, the Minister of Industry is scheduled to meet with other automotive principals such as Toyota Motor Corporation, Hinda Motor Company, Ltd., Suzuki Motor Corporation, Mazda Motor Corporation.
The meeting, which was held by the Minister of Industry in Japan, was regulated by applying very strict health protocols and limited delegation participants. The Minister of Industry’s visit this time is the first ministerial working visit in the world to have been officially accepted by the Japanese government since the Sakura country established the status of State of Emergency.
This of course shows that Indonesia is a very important bilateral partner for Japan.
On the previous occasion, Vice President of the Republic of Indonesia Ma’ruf Amin said that the Ciptaker Law has the aim of creating a conducive climate for investment and the business world.
This law is necessary because so far the creation of a conducive climate for investment and the business world is constrained by convoluted regulations, as well as overlapping existing regulations, thus requiring a long time.
Ma’ruf said, this caused Indonesia to lose competitiveness with other countries such as Thailand, Malaysia, Vietnam, Cambodia and others.
Especially, in terms of ease of investment, which results in delays in job creation in the country.
Therefore, improvements through the new law are also needed so that the government becomes more responsive, faster and makes it easier for all parties.
Ma’ruf Amin also ensured that the Ciptaker Law was the government’s response to the demands of the community. Especially the demand for job creation, improvement of the bureaucracy and simplification of regulations as well as creating a conducive climate for investment and the business world.
In a webinar organized by The Jakarta Post, Ma’ruf Amin hopes that after the Covid-19 pandemic, MSMEs in Indonesia can run fast.
Even though it had caused controversy so that demonstrations were inevitable, the Deputy General Chairperson of the Indonesian Chamber of Commerce and Industry (KADIN) for International Trade, Shinta Kamdani, considered that the Job Creation Law had great potential in supporting national economic recovery.
If these regulations are implemented consistently, the Job Creation Law will have considerable potential in supporting national economic recovery.
Shinta said that assessing the impact of the Job Creation Law on boosting the economy depends on the extent to which it provides practical convenience for potential investors.
Investment revenue is predicted to double this year, if promotion and facilitation of investment realization activities are carried out more intensively.
In addition, the government must immediately control the pandemic, normalize economic activity, and release restrictions on travel or open borders and continue structural reform efforts.
According to him, the Job Creation Law cannot stand alone if it is to be fully functional in boosting the national economy.
The state must of course be responsive to the problem of pandemic control in Indonesia, where it causes investment despair and the realization of investment is delayed in order to ascertain whether the Job Creation Law can attract more investment.
Of course, Indonesia must provide a positive signal and increase investor confidence to invest and realize investment in Indonesia. If a positive signal has been generated, the Job Creation Law can boost the national economy to the maximum.
) * The author is a contributor to the Cikini Press Circle and Students