UK – Indonesia trade | UK – India trade | E-commerce route to recovery

Posted on 29/07/2020 by DHL Express

UK-Indonesia Joint Trade Review

Following on from the signing of the Terms of Reference for the Indonesia/UK Joint Trade Review in October 2019, this month the Department for International Trade and the Indonesian Ministry of Trade held a second round of discussions virtually.

Excellent progress was made at the meeting, with discussions covering a wide range of sectors exploring opportunities for boosting two-way trade and investment as part of the UK’s COVID-19 recovery efforts.

In 2019, the UK’s total trade with Indonesia was worth £2.9 billion. A member of the G20 and the largest economy in ASEAN, Indonesia is one of the world’s fastest growing economies.

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UK and India agree to deeper trading relationship

Since 2018 work has been underway to reduce barriers to trade since both India and the UK completed a Joint Trade Review.

The UK’s International Trade Secretary Liz Truss and India’s Minister of Railways and Commerce & Industry Piyush Goyal agreed to explore opportunities for expanding and deepening the trade relationship.

Trade between the UK and India was worth £24 billion last year alone, and India is now the second largest investor in the UK economy.

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International e-commerce offers a route to recovery

There is no doubt that the last few months have been an extremely challenging time for many small businesses, but those with an e-commerce presence have found it to be a much-needed lifeline.

To maximise the benefit of an ecommerce platform, businesses will benefit from opening themselves up to as many markets as possible. E-tailers that trade internationally achieve 10-15% higher revenue than those only open to UK customers.

Abi Brodie, VP Sales of E-commerce at DHL Express UK discusses how selling cross-border can offer resilience for e-commerce businesses.

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