Indonesia and the United Kingdom Strengthen Partnership Through EGP
Jakarta – Indonesia and the United Kingdom have established a working relationship through the Economic Growth Partnership (EGP) as a strategic step to strengthen bilateral relations and drive economic growth and trade between the two nations. This initiative represents an important milestone in deepening collaboration that is more structured, concrete, sustainable, and future-oriented.
This was stated by Indonesia’s Deputy Trade Minister Dyah Roro Esti Widya Putri during remarks at the Launch of the UK-Indonesia EGP in Jakarta on Wednesday (25 February).
“The EGP is a practical and future-oriented cooperation instrument. This partnership is expected to deliver tangible, measurable benefits and provide certainty for the business community in developing trade and investment between our two countries,” said Deputy Trade Minister Roro.
Deputy Trade Minister Roro added that the EGP covers various priority sectors, including trade, services, digital economy, investment, and supply chain strengthening; green transition and sustainable development; infrastructure, transport, and energy transformation; digital economy and innovation; as well as education and human resource development (HRD). These sectors are considered to have significant potential for driving inclusive and sustainable economic growth.
The EGP, continued Deputy Trade Minister Roro, is designed as a collaborative platform that not only strengthens government-to-government relations, but also promotes active engagement of businesses and other stakeholders. With a more comprehensive approach, the EGP is expected to address global challenges whilst opening new opportunities amid the dynamics of the global economy.
On the same occasion, Deputy Trade Minister Roro also emphasised the importance of creating a conducive business climate to support the successful implementation of the EGP. She highlighted the need for more open access, regulatory certainty, policy predictability, and legal guarantees for businesses. According to her, investment and trade expansion can grow optimally if supported by a stable policy foundation that provides long-term certainty.
Beyond that, Deputy Trade Minister Roro also noted that the EGP represents an opportunity to optimise various economic cooperation instruments already in operation between Indonesia and the United Kingdom.
According to her, the EGP can be the beginning of other economic cooperation in various sectors, including cooperation on digital economy development, strengthening trade and investment promotion between the two countries, and is expected to open the opportunity for the formation of a Comprehensive Economic Partnership Agreement (CEPA).