Indonesia Eyes ASEAN-UK Cooperation on Energy Transiton

Indonesia has called for strengthening cooperation in the energy transition sector between ASEAN and the United Kingdom (UK)

IDXChannel - Indonesia has called for strengthening cooperation in the energy transition sector between ASEAN and the United Kingdom (UK)

This was conveyed by the Indonesian Minister of Foreign Affairs Retno at the ASEAN Post Ministerial Conference (PMC) with the UK in Jakarta on Thursday (13/7/2023).

According to Retno, the ASEAN-UK partnership must contribute to realising net-zero emission in the next decades.

For this reason, ASEAN and the UK already have cooperation schemes that can be utilised, such as the ASEAN-UK Catalytic Green Finance Facility Trust Fund. This cooperation will strengthen the ASEAN-UK partnership as a “partnership of the future.”

During the meeting, the topic of strengthening ASEAN-UK economic cooperation was also discussed, including increasing trade, investment, supply chain resilience, digital trade, innovation and cyber security. Several ASEAN countries proposed the possible establishment of an ASEAN-UK Free Trade Agreement.

In addition, the meeting also agreed to increase cooperation in the areas of climate transition, clean energy, strengthening health infrastructures, and natural disaster mitigation.

Two years ago the UK became ASEAN's newest Dialogue Partner. This demonstrates ASEAN's commitment to partnership with all countries.

These partners are required to share the same values ​​as ASEAN and contribute to peace, stability and prosperity in the region. (WHY)