Australian Embassy

Australia Indonesia Economic Ties To Bring Jobs

Media Release

18 March 2016

80bn IDR for cattle breeding in Indonesia

Ambassador Paul Grigson today welcomed the major steps forward in economic relations during the week.  This included agreement to relaunch negotiations on the Indonesia-Australia Comprehensive Economic Partnership Agreement with the ambitious aim to conclude negotiations in 12-18 months.

“Trade Minister Lembong’s visit to Australia was an outstanding success.  Together with Australia’s Trade Minister Steven Ciobo, a roadmap has been set for both our countries,” said Mr Grigson.

“Our economies are increasingly about the services industry.  Australia and Indonesia already have strong tourism and education links which we can build on.”

“For example, Indonesia’s decision to add Australia to the list of visa free countries is smart and timely.  We estimate it will add around 3.4 trillion IDR into the Indonesian economy”, said Mr Grigson.

“We should aim for more trade, but also skills and technology transfer.”  

During the visit Australia’s Deputy Prime Minister and Agriculture Minister Barnaby Joyce and Mr Lembong announced an 80bn IDR package to transfer Australian know-how in cattle breeding to Indonesia.  By sharing their knowledge and expertise, Australian cattle farmers will help Indonesia boost productivity as well as increase opportunities to supply high value breeding stock and related services.

“There are opportunities to do more in agribusiness together,” said Mr Grigson.  “There is a growing appreciation in Asia for quality and imported food products. By working together in regional and global supply chains, Australia and Indonesia can help meet this demand.”

“Australia looks forward to working with Mr Lembong and his team on finalising the Indonesia Australia Closer Economic Partnership Agreement (IA-CEPA). As Mr Lembong said, “The first thing that springs to mind in terms of this agreement is how good it will be for jobs in both countries.”

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