UK Junior Business Minister Nusrat Ghani Visits Indonesia for Trade, Investment Talks
Jakarta. UK Minister of State for Industry and Economic Security, Nusrat Ghani, is visiting Jakarta from Monday to strengthen partnerships on critical minerals and the energy transition.
She is slated to meet with several top government officials from various ministries to follow up on commitments made under the UK-Indonesia Partnership Roadmap 2022-2024 to boost trade, investment and economic cooperation between the two countries.
She will first meet Investment Minister Bahlil Lahadalia to further ambitions under the UK-Indonesia Investment Cooperation agreement signed in October last year, in which both countries agreed to bolster two-way investment across minerals, life sciences and energy transition, the UK Embassy in Jakarta said in a statement.
The UK published its Critical Minerals Strategy Refresh in March 2023, in which it outlined intentions to accelerate collaboration on critical minerals supply chains with international partners.
Ghani will advance partnerships in this area, supporting Indonesia’s ambitions to develop value chains around its abundant mineral resources, and support UK-Indonesian collaboration across critical minerals, battery development and electric vehicle ecosystems, the statement says.
She will also visit PT Vale nickel mine and smelter in Soroako, South Sulawesi, which uses clean energy from three hydropower plants and whose nickel matte products are key materials for Vale’s Clydach Refinery in Wales, UK.
In a meeting with Transportation Minister Budi Karya Sumadi, Ghani will discuss enhancing industrial cooperation across railway development and maritime, building on both the Letter of Intent (LoI) on railway development signed in November, and a Memorandum of Understanding on sustainable commercial shipping and shipbuilding signed in January to facilitate closer cooperation on sea transportation.
She is also scheduled to meet the Energy and Mineral Resources Minister Arifin Tasrif, to enhance partnerships in renewable energy, in support of Indonesia’s Net Zero ambitions; the Vice Minister of State-Owned Enterprises Pahala Mansury, to discuss industrial collaboration for defense and mineral development; and the Vice Minister of Trade Jerry Sambuaga to strengthen discussions on bilateral trade in support of economic growth in both countries.
"Trade between the UK and Indonesia was worth £3.5 billion in 2022. I'm looking forward to meeting with businesses and stakeholders to discuss opportunities to boost two-way investment and strengthen our relationship in sectors such as maritime, as well as promoting UK businesses,” Ghani was quoted as saying.
“Critical minerals are essential for everyday life. Strengthening these partnerships with Indonesia will be my priority as we seek to build on the government’s Critical Minerals Strategy and fortify supply chains.”
The Minister’s visit follows increased UK-Indonesia cooperation in the maritime sector, with UK company SRT Marine Systems recently selected as the partner of choice to deliver Indonesia’s new national maritime security system.
The UK’s growing number of partnerships with Indonesia follows the successful establishment of the UK-Indonesia Joint Economic and Trade Committee in February 2022, aiming to promote and develop trade, investment and economic cooperation and addressing barriers to trade.
“I am delighted that we are strengthening our relationship with Indonesia across mineral supply chains. Minister Ghani’s meetings here will enable us to explore new initiatives to maximize two-way investments between our two countries, building on the commitments made in the UK-Indonesia Partnership Roadmap,” British Ambassador to Indonesia Owen Jenkins said.
Tags: Keywords:Related Articles
Indonesia Allocates Rp 10.3 Trillion to Bring Electricity to Thousands of Villages
Indonesia will spend Rp 10.3 trillion in 2026 to expand electricity access to thousands of underserved villages.Indonesia Faces Medium-Calorie Coal Supply Shortage for Power Plants, Minister Says
Indonesia faces a shortage of medium-calorie coal for power plants, prompting a review of supply and pricing policies.Indonesia on Track to Launch B50 Palm Oil Biodiesel in July
Indonesia has done road trials on heavy equipment and trains as the country will soon mandate the use of B50 palm oil-based biodiesel.No CNG Allocation in 2027 Budget as Indonesia Seeks to Cut LPG Imports
Indonesia's 2027 budget keeps LPG subsidies unchanged, with no dedicated funding for the planned CNG transition.Indonesia Allocates $84.6 Million for Electric Stoves and E-Motorcycle Conversion Program
Indonesia will spend Rp 1.5 trillion on electric stoves and e-motorcycles to cut fuel imports and boost clean energy use.Indonesia Spends Rp 120 Trillion a Year on LPG Imports, Pushes Electric Stove Program
The initiative is also intended to reduce the fiscal burden of subsidizing 3-kilogram LPG cylinders widely used by low-income households.Indonesia Eyes Up to 19 Million Kiloliters of Subsidized Diesel in 2027
Subsidized diesel remains heavily supported by the government and is currently sold at Rp 6,800 ($0.38) per liter.Bahlil Rejects Coal Shortage Claims Behind Widespread Power Outages
Bahlil says recent power outages were caused by technical issues, not coal shortages, with domestic supplies remaining secure.Indonesia Holds Subsidized Fuel Prices as Drivers Abandon Pertamax
Indonesia kept subsidized fuel prices unchanged despite a steep Pertamax hike that triggered long queues for cheaper fuel.Indonesia Assigns Lemigas, Not Pertamina, to Handle Russian Oil Imports
Indonesia plans to use state energy agency Lemigas, rather than Pertamina, to manage crude oil imports from Russia under a new regulation.The Latest
Lamine Yamal Scores in Spain's 4-0 Demolition of Saudi Arabia
He has helped Spain win the European Championship in 2024 despite being just 16 years old when the tournament started.4,000 Workers at Nike Supplier in Indonesia Sent Home as New Orders Dry Up
Feng Tay Indonesia Enterprises is part of Taiwan-based Feng Tay Group and has operated in Indonesia since 1992.Indonesia Says Aggressive Rate Hikes Are Helping Stabilize Rupiah
Indonesia says recent rate hikes are helping stabilize the rupiah, though economists warn monetary policy alone is not enough.Ayase Ueda Scores Twice in Japan’s 4-0 Win Against Tunisia
Japan’s four goals were the most the Samurai Blue had ever scored in a World Cup game.Jakarta Completes Rasuna Said Revamp, Removes 109 Derelict Pillars
Jakarta has completed the transformation of Rasuna Said, removing 109 abandoned monorail pillars and upgrading public spaces.Most Popular
