TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Indonesia, UK seek to boost economic ties
Change Size
Indonesian Ambassador to the United Kingdom Rizal Sukma speaks at the Indonesian Briefing forum in London on Nov. 1. (Courtesy of/Indonesian Embassy to the UK)
I
ndonesia and the United Kingdom have expressed a wish to strengthen bilateral relations between the two countries amid rising global protectionism sparked by the trade war between the United States and China.
Speaking at the Indonesian Briefing forum in London recently, Indonesian Ambassador to the UK Rizal Sukma stressed the importance for both countries of exploring more detailed information about various sectors to boost trade, investment and tourism.
“The Indonesia Briefing is part of the efforts to monitor the interesting progress in Britain of the Brexit process. For Indonesia it is an opportunity to strengthen bilateral ties,” he said in a press release issued by the Indonesian Embassy to Britain.
Rizal said Indonesia sought to increase bilateral trade from around US$2.5 billion currently to between $5 billion and $7 billion annually.
Similar sentiments were expressed by the UK prime minister’s special envoy for trade for Indonesia and the ASEAN Economic Community Richard Graham, who stressed the importance for UK businesses of exploring business opportunities in Indonesia, the largest country in Southeast Asia.
Gaham underlined opportunities that could be pursued in Indonesia, including financial cooperation, financial technology (fintech), infrastructure, the digital economy and renewable energy.
Meanwhile, Bank Indonesia (BI) deputy governor Rosmaya Hadi explained the solid growth of the Indonesian economy amid the global economic uncertainty. “BI is trying to respond to the global economic fluctuation through introducing mixed policies, covering the monetary, macro prudential and payment systems,” he added
Also speaking during the panel session at the event were Sarah Hewin, chief economist at Standard Chartered Bank, Nezar Patria, editor in chief of The Jakarta Post and Chris Wren, executive director Britcham Indonesia. (bbn)
