Trade Mission to Singapore and Indonesia to boost exports

All-Party Parliamentary Group (APPG) for Trade & Investment is on a trade mission to Singapore and Indonesia this week to strengthen business ties and create new jobs.

The mission, which will boost UK exports, is led by APPG Chair Margot James and is supported by Barclays, Prudential Plc and the UK ASEAN Business Council (UKABC).

It is the first time that an All-Party Parliamentary Group has taken a trade mission on a visit to a market in conjunction with UK Trade & Investment (UKTI).

Fifteen British companies from the education and infrastructure sectors will take part, including Warwickshire College, the University of Reading and Spark Architecture.

Infrastructure opportunities are growing rapidly in the South East Asia region, which includes some of the fastest-growing markets. The region is predicted to be the fourth largest market in the world by 2030.

The mission is set to start in Singapore where the group will meet key figures from the public and private sector education and business communities.

Trade and Investment Minister Lord Green said: “Getting more companies to export and attracting high-quality investment to the UK are key planks of the government’s Plan for Growth. Indonesia and Singapore are high growth markets and I am delighted to see this mission taking place.”

In 2011 UK goods and services exports to Singapore totalled £7.8 billion (+7.4% on 2010), making Singapore the UK’s largest trading partner in Southeast Asia. Opportunities in Singapore include machinery and transport, which is the largest UK goods export sector to Singapore.

MP Margot James said: “I am delighted to be leading this mission, the first by the All-Party Parliamentary Group for Trade and Investment.

“This trade mission is a fantastic opportunity to give British companies access to the exciting and growing markets of Singapore and Indonesia which are vital to delivering the UK’s economic growth agenda.”

The UK is ranked 20th largest exporter to Indonesia and the 3rd largest among EU member states. The UK’s largest exports to Indonesia include power generation equipment; general industrial machinery, road vehicles, pulp and waste paper and specialised machinery.

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