![]() ![]() Have left the country resulting in low occupancy rate of industrialįoreign investors want improvement of facilities and legal The investment climate at present could not contribute toĭevelopment of business in industrial estates as many foreign investors Operation to Indonesia making the country their production centers. Investors have left the country to move to other countries offering moreįavorable investment climate although many have also moved their Indonesia is one of the most affected by the changes. They establish productionĬenters in some of the Asean countries to cover the big regional market. To and take advantage of the AFTA regulations. Many principals were forced to immediatelt revise their policy to adjust Some sector of the manufacturing industry notably automotive industry. The effects of the implementation of AFTA were felt immediately in Industry especially manufacturing industry in Asean including Indonesia. Trade Area (AFTA) in 2003 caused a fast change in orientation of International trade in the world and the implementation of Asean Free Industrial estates hit by impact of global trade Liberalization of
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May 2023
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