UK Export Finance has signed a cooperation agreement with Asuransi Ekspor Indonesia (ASEI), the Indonesian export credit agency. The agreement sets out how the two agencies will cooperate in the field of export credits, particularly in relation to supporting projects in third countries that involve exports from both the UK and Indonesia.
Steve Dodgson, on behalf of UK Export Finance, and Zaafril Razief Amir, the Chief Executive of ASEI, signed the agreement at UK Export Finance’s London office.
Mr Amir welcomed the agreement between the two ECAs and looked forward to deepening the relationship. Mr Dodgson said it would facilitate more Indonesian and UK companies working together.
Indonesia is one of the government’s High Growth Markets and trade relations between the UK and Indonesia are strong. The UK and Indonesia agreed to a high level partnership during Prime Minister Cameron’s visit to Indonesia in April 2012, agreeing to double bilateral trade to £4.4 billion in 2015.
Infrastructure development is a key priority for Indonesia, and UK companies have the expertise and proven track record to assist in this field, particularly with transport-related infrastructure projects. Examples include Soekarno-Hatta International Airport Express Rail Link, airport development (including air traffic control) and the Tanjung Priok Port Expansion.