Indonesia-England Investment Cooperation Technology

Photo: Doc. Antara

JAKARTA - The Ministry of Investment/Investment Coordinating Agency (BKPM) signed a memorandum of understanding regarding investment cooperation with the Department of International Trade of the United Kingdom of Great Britain and Northern Ireland represented by the Investment Affairs Office. The memorandum of understanding was signed directly by the Minister of Investment/Head of BKPM Bahlil Lahadalia and British Investment Minister Lord Dominic Johnson at the State Secretary's Office in London, England, Thursday 27 October. Quoted from Antara, Friday, October 28, Bahlil said that Britain's investment cooperation with Indonesia was carried out in order to build investment cooperation relations between the two countries. He also invited the British government to collaborate by taking advantage of the advantages of each country. "On the one hand, we have abundant natural resources and the UK has sufficient technology, capital and market. This is a good first step. I think that we should improve relations between these two countries in an economic perspective and particularly investment," he said. On this occasion, Bahlil also revealed that the Indonesian government was formulating regulations regarding the carbon market and carbon prices. With considerable potential, Bahlil guarantees this can be a great opportunity that is mutually beneficial for both countries. Meanwhile, Lord Dominic Johnson believes it is important to optimize and realize opportunities so that cooperation can be realized concretely between the two countries. Johnson revealed that the trade relationship between Indonesia and Britain is still too small. On the one hand, the UK needs a lot of natural resources from Indonesia and on the other hand, Indonesia requires investment from the UK. "My hope is that we must improve economic and trade relations between Indonesia and the UK. Of course, we hope that in the future we can also establish cooperation that is more profitable and requires each other," said Johnson. Regarding the carbon trading issue, Johnson also stated that the British government would be happy to explore opportunities for the two countries related to cooperation in the carbon trade sector. This will be discussed further by him during a visit to Indonesia at the B20 activities in Bali in November. Furthermore, the scope of cooperation between Indonesia and Britain includes exchanging information related to policies, regulations, procedures, incentives, problems, and potential opportunities regarding investment from each party; promoting and facilitating the entry of investments in both countries (inwards and rewards investment) especially in priority sectors, and helping potential investors by providing comprehensive services (end-to-end). As well as cooperating in organizing business meetings; as well as optimizing Britain's position as the center (hub) for Indonesia to explore markets in Commonwealth countries, Europe and America.