President Susilo Bambang Yudhoyono is scheduled to receive a British delegation on trade and investment led by the Duke of York, Prince Andrew, at the State Palace in Jakarta on Thursday.
Presidential special staff for international relations Teuku Faizasyah said the meeting would discuss efforts to improve trade and investment between the two countries. On Wednesday, Andrew met with Coordinating
Economic Minister Hatta Rajasa.
Hatta said British companies were interested in developing the energy sector in Indonesia, particularly in oil and gas.
“Apart from that, they are also interested in being involved in the development of infrastructure, whether that be in the energy sector, transportation or manufacturing,” Hatta said.
Britain was also interested in improving the capacity of small and medium enterprises by opening the British Standard Institute here.
“They are really genuine in wanting to be engage in capacity building,” Hatta said.
Andrew, Hatta said, suggested a few regulatory reforms to improve the capacity of local entrepreneurs and to provide certainty to businesses in terms of legal procedures.
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