UK-Indonesia Joint Trade Review: second round of discussions
Friday, 24 July 2020 17:11
Following on from the signing of the Terms of Reference for the
Indonesia/UK Joint Trade Review in October 2019, the Department for
International Trade and the Indonesian Ministry of Trade held a
second round of discussions (virtually) on 20-21 July 2020. The
UK’s delegation was led by Director of Bilateral Trade Relations,
Cathryn Law and Her Majesty’s Trade Commissioner for Asia Pacific,
Natalie Black....Request free trial
Following on from the signing of the Terms of Reference for
the Indonesia/UK Joint Trade Review in October 2019, the
Department for International Trade and the Indonesian
Ministry of Trade held a second round of discussions
(virtually) on 20-21 July 2020. The UK’s delegation was led
by Director of Bilateral Trade Relations, Cathryn Law and
Her Majesty’s Trade Commissioner for Asia Pacific, Natalie
Black.
Despite the unprecedented challenges that are faced
globally due to the COVID-19 outbreak, both Indonesia
and the UK continue to work towards conclusion of the
Review. Excellent progress was made at the meeting,
with discussions covering a wide range of sectors
exploring opportunities for boosting two-way trade and
investment as part of our Covid-19 recovery.
In 2019, total trade of goods and services between the
UK and ASEAN was at £41.7bn, the highest in ten years.
The UK’s total trade with Indonesia was worth £2.9bn in
2019.
Her Majesty’s Trade Commissioner for the Asia Pacific,
Natalie Black CBE said:
I am pleased that our UK-Indonesia joint trade review
discussions are progressing so well. Indonesia is a
key partner for the UK and we are very keen to
further enhance our bilateral trade and investment
across a range of key sectors, including professional
services, pharmaceuticals, energy, education and
technology.
We look forward to closer collaboration between our
nations and working together to shape the UK’s
dynamic partnership with ASEAN and the Southeast Asia
region.
Indonesia is one of the world’s fastest growing
economies, a member of the G20 and the largest economy
in ASEAN. It is also the fourth most populous country
in the world and is predicted to be one of the top five
economies globally by 2050.
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