Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what benchmarks his Department is using to assess progress on regulatory co-operation on financial services under the UK-Indonesia Economic Growth Partnership.

The Economic Growth Partnership is a non-legally binding framework that will deepen cooperation between the UK and Indonesian Governments on areas of interest to our businesses, including in Financial Services.

The Economic Growth Partnership reaffirms the commitment by Indonesia’s Ministry of Finance and HM Treasury to hold a programme of Financial Services Working Groups to deepen dialogue and cooperation on key issues of mutual interest. It complements over support for Indonesia’s application to join the CPTPP.

A new Forum chaired by Indonesian and UK Ministers will monitor progress on activities set out in the Economic Growth Partnership.