Minister heads to Asia to turbocharge commerce as £600m price of boundaries smashed

International Trade Minister Nigel Huddleston is heading to Indonesia and Vietnam in a bid to spice up commerce with Southeast Asia.

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He will be a part of financial ministers from the Association of Southeast Asian Nations (ASEAN) member states in Semarang to strengthen ties with the buying and selling group.

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Mr Huddleston will then co-host the UK-Vietnam Joint Economic and Trade Committee (JETCO) and the Trade Committee of the UK-Vietnam Free Trade Agreement in Hanoi.

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He will use the conferences to push for UK firms to promote extra services and products to Vietnam.

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The go to comes weeks after Business and Trade Secretary Kemi Badenoch signed off UK membership to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) within the greatest post-Brexit commerce deal up to now.

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Mr Huddleston stated: “Southeast Asia offers big opportunities for British businesses.

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"That’s why our team of specialists has been working hard to remove barriers to trade to help companies sell even more to this dynamic region.

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“We know closer trade ties with exciting, thriving economies like Vietnam and Indonesia will provide a boost for the UK.

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"I’m looking forward to seeing how our expanded links across the Indo-Pacific, including accession to CPTPP, yield economic benefits up and down the country.”

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Southeast Asia’s financial system is anticipated to turn into equal to the third largest on the earth by 2027, price greater than £4 trillion.

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It comes as commerce boundaries price round £600million over the following 5 years which have been hampering UK companies from promoting to the Asia Pacific have been knocked down.

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Ms Badenoch has made the removing of commerce boundaries one among her prime priorities.

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The UK has the liberty to pursue its personal commerce coverage following Brexit.

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