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Indonesia Eyes More Balanced Trade with Australia

Economics editor Wahyu Dwi Anggoro
29/01/2024 08:53 WIB
Indonesia has encouraged the increasing mutually beneficial trade and investment cooperation between Indonesia and Australia.
Indonesia Eyes More Balanced Trade with Australia. (Foto: Kemlu)
Indonesia Eyes More Balanced Trade with Australia. (Foto: Kemlu)

"I urge that we could soon establish a work plan to implement the MoU," said the Vice Minister in a media release, Friday (26/1/2024).

The main goal of the Australian Assistant Minister for Trade's two-day visit to Jakarta was to enhance bilateral business ties with Indonesia. In addition, Assistant Minister Ayres shared Australia's Southeast Asia Economic Strategy to 2040, which was unveiled by the Australian Prime Minister in September 2023, on the sidelines of the ASEAN Summit in Jakarta.

Through this strategy, Australia intends to strengthen economic engagement in the region, especially in several priority sectors, namely food and agriculture, green energy, infrastructure, the digital economy, health, and education. In this regard, the Indonesian Vice Minister invited Australia to synergize this strategy with the existing ASEAN mechanisms in the digital economy and energy transition. (WHY)

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