BISEA Roadshow 2020: Focus on Indonesia
The high growth, high demand markets of the South East Asian nations provides one of the most exciting investment regions of the world for SME’s in the UK. Collectively they are known as the Association of Southeast Asian Nations or ASEAN.
The Sheffield Chamber International Trade Centre in conjunction with the British Chambers Overseas have people on the ground in all of the ASEAN markets which include development areas such as Myanmar and Cambodia and high growth markets who appreciate the quality and trustful business practice of the brand ‘Made in the UK’
On the 10th March we will be hosting the CEO’s of our Indonesia; Thailand; Malaysia and Vietnam partners in Sheffield at the Chamber of Commerce. We will however be able to discuss opportunities in the wider region which will include the Philippines and Singapore.
Book your attendance HERE.
The opportunities for UK Businesses in the regions
BEAT BREXIT AND TRADE THE WORLD.
Focus on Indonesia
The vast archipelago of Indonesia represents more than 40% of both the GDP and population of ASEAN. The consuming middle class is estimated to number around 80 million in five years, 60% whom will be under 32 years old. Indonesian demographics mean that there are opportunities across all sectors. There are also many opportunities for investor and venture capitalists.
But, market access can be complex and take time. Indonesia is for businesses that probably have prior export experience and can afford to look at market entry in a strategic way.
To ensure success, you will almost certainly need the resources to support research and a visit programme.
British Chamber of Commerce Indonesia Background
- BritCham Indonesia is the most active foreign Chamber in Indonesia and with a large membership base of more than 1000 nominees from 255 corporates based in Indonesia, plus overseas membership.
- To our members and wider business community, we represent an independent and reliable source of information, covering politics, current affairs, security, health, inside-track analysis from our business group, plus advocacy, personal and social development.
- For over 40 years, the most influential politicians, business leaders renowned experts and academicians have been our esteemed guests at various forums.
- The OPD has provided bespoke market access support for 125+ export-focused British SMEs.
- In 2015, BritCham Indonesia received BCCUK accreditation.
- Accreditation provides quality assurance across a range of services that include but are not limited to:
1.Trade mission management2.Webinars / Video conferencing
3.Business opportunities and partners
4.Advice on local conditions, including competitors, regulation and standards
6.Pre-visit support, arranging appointments with target customers or potential business partners/agents
7.Organisation of receptions, promotional events, for you to present your product or service
Economic & Political Overview
Indonesia: A country too Big to Ignore
- The ONLY permanent SEA member of the G20, well-positioned to influence global and regional initiatives.
- Indonesia represents around 40% of the total GDP of ASEAN
- Indonesia’s economic growth projection 2019 is 5.3%.
- 265 million people – 60% of the population in under the age of 32
- According to the World Bank’s authoritative Ease of Doing Business 2019 (EODB), Indonesia has moved to 73rd with reformation in starting business, registering property, and attaining credit.
- Indonesia is in fourth position as a contributor to global real GDP growth throughout the year 2022-2023 and predicted to contribute 3.7% to the total global GDP growth.
- Indonesia also comes in 4th place when it comes to the country with the largest number of active Facebook users, only behind Brazil, India and the United States.
UK Presence in Indonesia:
- The UK is in the top 10 biggest investor in Indonesia, after Singapore,
- Japan, US, South Korea, Netherlands, and British Virgin Islands.
- Major British investors include BP, Jardine Matheson, Unilever, Shell, Standard Chartered Bank, HSBC, Premier Oil, BAT, Prudential, Rolls Royce, GlaxoSmithKline and Astra Zeneca.
- There is also a strong and growing UK retail presence including Marks & Spencer, Top Shop, Ted Baker and Mothercare.
Key Sectors & Opportunities:
- Financial & professional services
- Oil & Gas
- Retail & consumer goods
- Defence & Security
- Renewable Energy
- ICT/ Creative & Media
- Hospitality/ Tourism
- Waste Management
To book your 20 minute one-to-one meeting with Chris Wren, Executive Director of British Chamber of Commerce Indonesia, please register HERE, then email Yulia Briscoe (email@example.com) at Sheffield International Trade Centre to organise time of your one-to-one.
Read the full presentation: BritCham Indonesia Presentation