Trade beckons in far east

Trade links between Scotland and Indonesia, one of Asia’s largest and fastest-growing nations, have taken a major leap forward.

The “B2B agreement” between the Scottish Chambers of Commerce (SCC) and BritCham Indonesia, commits both organisations to share information and pool resources, with a view to improving Scotland’s trading activities in the world’s fourth most populous country.

Scottish companies currently comprise only a small fraction of total UK investment in Indonesia, which is slated by consultants McKinsey to become the seventh biggest economy in the world by 2030.

Indonesia presents a “major opportunity” for Scottish businesses and educational institutions according to SCC president Tim Allan.