Indonesia is on track to become one of the largest markets globally, offering good business opportunities for Australian exporters.
And to explain how Australian businesses can take advantage of the export and investment opportunities on offer, Austrade last week held a series of seminars in major capital cities.
Indonesia Now 2017 – The Changing Face of Business in Indonesia - seminars were led by Sally-Ann Watts, Austrade’s Jakarta-based Senior Trade Commissioner for Indonesia, and her team of in-market Trade Commissioners in conjunction with state governments and peak industry associations.
The Indonesia Now 2017 seminars outlined opportunities for Australia in key areas of agriculture (including goods, technology and services) and other sectors.
This initiative builds on past activities, like the week-long Ministerial-led Indonesia-Australia Business Week (IABW) missions undertaken in 2015 and in March 2017 which showcased Australian capabilities and focused on enhancing export opportunities with Indonesia.
“As Australia’s 13th largest trading partner, Indonesia economically represents almost 40 per cent of the ASEAN region’s output. Its economy has grown more than five per cent per annum in recent years and is home to more than 255 million people,” said Ms Watts.
“Indonesia’s economy, currently the world’s 16th largest, is predicted to continue growing strongly to 2050. By that time, it is forecast to be the world’s fourth largest individual economy – compelling reasons why Australian businesses should enhance engagement with our neighbour."
Agrifood and agtech
Indonesia is an important market for Australia, receiving a substantial portion of Australia’s agricultural exports valued at A$3.2 billion in 2016. Indonesia’s agricultural sector is undergoing a transformation as the next generation of farmers look to new technologies to increase productivity. Farm and processing enterprises are seeking new technologies to maximise acreage usage and reduce waste.
Source: dynamicexport.com.au
