The Jakarta Post reported Jan. 20 that after five years of delay Indonesia has formally launched a free trade zone encompassing the islands of Batam, Bintan and Karimun. According to the article, the government issued this week regulations on zone operations, including tax and duty exemptions and the loading and unloading of imports and exports. Although nearly 1,200 companies have already invested more than $11 billion in the three islands, the regulations are expected to resolve business uncertainty and promote additional investment in sectors such as electronics, manufacturing, shipbuilding and apparel.
To view the article, visit WorldTrade/Interactive at http://www.strtrade.com/wti/wti.asp?pub=0&story=30078&date=1%2F22%2F2009&company
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