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Jakarta Post

Kadin sees bigger potential in UK market after Brexit

News Desk (The Jakarta Post)
Jakarta
Wed, August 31, 2016

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Kadin sees bigger potential in UK market after Brexit Indonesian Ambassador to the UK Rizal Sukma (second left) and the UK Prime Minister’s trade envoy for Indonesia, Richard Graham (center), speak at a discussion on the Brexit effect in Central Jakarta on Tuesday. (JP/Reza Zafiruddin)

T

wo months after the United Kingdom decided to leave the European Union, Indonesian businesspeople have seen more opportunities to enter the UK market as the impact of Brexit on both countries’ bilateral trade has proved to be insignificant so far.

Indonesian Chamber of Commerce and Industry (Kadin) deputy chairwoman of international relations Shinta W. Kamdani said Brexit had impacted the UK’s economic decision-making but not its trade relations, as there was still high demand for Indonesian-made fashion and handicrafts.

“We encourage the nation’s businesspeople to enter the fashion, culinary and handicraft markets in the UK,” she said in Jakarta on Tuesday.

Brexit is the forthcoming withdrawal of the UK from the economic bloc. In a June 2016 referendum, 52 percent of voters chose to leave the EU, leading to a complex separation implying political and economic changes for the UK and the region.

Meanwhile, Indonesian Ambassador to the UK Rizal Sukma said despite Brexit, he was assigned by President Joko “Jokowi” Widodo to help Indonesian entrepreneurs expand their businesses in the UK market, especially for creative economy products.

Aside from business expansion, cooperation in vocational training systems with the UK was another task highlighted by the President to improve the capacity of Indonesian human resources. “The UK has some of the best vocational training in the world,” Rizal said. (rez/ags)

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