Muhammad Lutfi, Trade Minister, Indonesia
In April, Indonesia and the UK announced the creation of the Joint Economic and Trade Committee to help promote trade, investment and economic cooperation between the two countries. The development is part of a major drive by Indonesia to increase exports to support its economic recovery from the COVID-19 crisis.
Southeast Asia’s biggest economy – forecasted to be among the world’s top five economies in 2050 – is seeking new markets for its products while implementing a range of business and investment reforms.
Tasked with boosting Indonesia’s exports and opening Indonesian products to new markets is Trade Minister Muhammad Lutfi, who will brief Asia House Corporate Members on Monday 19 July.
Speaking from Jakarta, Minister Lutfi will outline Indonesia’s multilateral and bilateral trade priorities and offer his perspectives on the multilateral trade system. Minister Lutfi will also share his insights on Indonesia’s plan to leverage its presidency of the G20 next year and the agenda it seeks to promote. The minister will also provide an update on the Joint Economic Trade Committee between Indonesia and the UK, following the finalisation of the Joint Trade Review.
Minister Lutfi was appointed as Indonesia’s Trade Minister in December 2020. He previously served as Indonesia’s Ambassador to the United States of America. This is his second period as Minister of Trade, with the first being in 2014. Previously, he was the Indonesian Ambassador to Japan from 2010 to 2013, and Chairman of the Indonesian Investment Coordinating Board from 2005 to 2009.
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