Durian. Indonesia and the United Kingdom are set to finalize Joint Trade Review (JTR) in December to strengthen bilateral relation between the two countries on economy, particularly on trade and investment.
Representatives of each country expressed this commitment on the second JTR meeting, which was held virtually on July 20-21. The first meeting had been held on December last year in London.
Iman Pambagyo, director general of international trade negotiations at Indonesian Trade Ministry said the meeting was crucial in this uncertain time caused by covid-19 pandemic, but it also aimed to prepare and maintain longer-term cooperation between Indonesia and the UK.
“This meeting serves as proof of two countries’ commitment to improve trade and investment ties. Covid-19 pandemic and uncertain global economy force Indonesia and the UK even further to strengthen cooperation to answer many challenges head and to prepare long-term partnership,” Pambagyo said.
Latest development of both countries’ economic policy was one of issues that was discussed at the meeting, besides on identification of potential sector as well as cooperation potential and exploration of two-ways trade and investment opportunity.
After the meeting, delegations present at the meeting will also hold a discussion with business players from the two countries.
According to Pambagyo, suggestion from business players is very pivotal in this review process to acknowledge business obstacles resulting from policies enforces by respective government.
One of the results of the JTR is policy recommendation for the two governments, and the drafting will be coordinated by Indonesia’s the Trade Ministry and UK’s Department of International Trade.
