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UK 'encourages investment relations with Indonesia'
Tuesday, 09 Mar 2010 03:05
The UK is to encourage international relations with Indonesia in a bid to open the country up to foreign investment.
This is according to Sir Andrew Cahn, chief executive of UK Trade & Investment (UKTI).
Sir Cahn said that the country is rapidly becoming an important economy which the UK is keen to support as the Indonesian government aims to "maintain open markets and reject protectionist measures".
He added: "The UK welcomes investment from Indonesia and UK firms are interested in exploring the investment potential in one of the most promising markets in Asia."
The country has a larger middle class market than either Malaysia or Australia, with some 35 million people.
While the country only represents a small proportion of the UK's export market at the moment, it does offer strong investment prospects to British companies.
Total UK investments in Indonesia are estimated at over $20 billion (£13.3 billion), with companies such as BP, Shell, HSBC and Astra Zeneca choosing to locate business in the region.
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