Kadin Hopes To Lure In More Investment From Britain

London (Antara Bali) - The Indonesian Chamber of Commerce and Industry (Kadin) said that Indonesia could still lure in more potential investment from Britain.

As an  economic partner of the government Kadin would encourage British investors to do business in Indonesia, its general chairman Rosan Perkasa Roeslani said here on Tuesday.

 "The potential is very big for British outward investment," Rosan said addressing the ceremony signing a memorandum of understanding with a number of British investors here.

 Rosan was in London with 41 Indonesian business leaders joining the delegation  of President Joko Widodo (Jokowi) on a tour of a number of European countries.

British companies including Unilever, GSK,  and British American Tobacco (BAT) Plc signed  the MoU to invest 10 billion pounds in Indonesia .

"We will coordinate with the British Chamber of Commerce in seeking immediate implementation of the  investment commitment," Rosan said.

He said Britain is one of 20 world's largest investing countries especially in the telecommunications, consumer goods, garbage energy, sea wave energy  and diesel energy , and pharmaceutical, paper, and defense sectors.

"Business opportunities are wide open in Indonesia. Deregulation measure launched by President Jokowi would open the way for European investors to invest more in Indonesia. This a challenge for Kadin to see it happens," he said.

He said Kadin would seek to speed up the process toward  Comprehensive Economic Partnership Agreement (CEPA) with the European Union, which is expected to be wrapped up in 2018 .

Deputy general chairman of Kadin  in charge of international relations Shinta Widjaja Kamdani said the EU is an important trading partner of Indonesia.

The EU is one of the largest export destinations fort Indonesia  and accounts for the second largest investment in Indonesia, Shinta said.

Jokowi is on his first official visit to the EU bringing him to Britain, Germany, Belgium and the Netherlands to meet the countries' leaders  including business leaders.

In London, Jokowi accompanied by Coordinating Minister for Economy Darmin Nasution, Cabinet Secretary Pramono Anung, Marine and Fisheries Minister Susi Pudjiastuti, Foreign Minister Retno Marsudi and BKPM chief Franky Sibarani, met with Prime Minister David Cameron on Tuesday. (WDY)