Indonesia and Australia must cease looking past each other for business opportunities, Trade Minister Andrew Robb has warned
The Indonesia Company Summit was told by Mr Robb in Canberra it was not acceptable just 250 Australian companies had a presence in the archipelago
He trusted his historical company delegation to Jakarta next week, when he’ll be joined by 360 of his “closest friends”, would help Australia enlarge its footprint
The Australian company response to the trade mission have been so overwhelming, a cap needed to be put on amounts, and he expected it might create results that were fleet.
“There isn’t any reason we can not have 1000 firms there in the foreseeable future” he told AAP
” We’ve 360 in Dubai and it is possible to throw a rock across Dubai””
Inquired what the impediments were to more Australian company engagement with Indonesia, concerns that were old were mentioned by Mr Robb about investment security and government policy changes in the 1990s.
“All that interval has passed” he said
Mr Robb commended the efforts of successive Indonesian authorities to clean up corruption
He sees much range for Australian businesses that are moderate and small to grow to Indonesia
Two way trade involving both countries is worth $15 billion a year, in comparison to the $150 billion between Australia and China.
Energy, infrastructure, education, resources and food were crucial areas Mr Robb identified for increased company ties
Its own population of 255 million folks and Indonesia was a marketplace that could not be dismissed, he explained.
The trade delegation follows Prime Minister Malcolm Turnbull’s first bilateral meeting with Indonesia President Joko Widodo in Jakarta.
The pair made an impromptu visit into a cloths marketplace.
” He is never taken so many selfies in all his life” Mr Robb said, hailing the visit a massive success
Indonesia Investment Coordinating Board spokesman Himawan Hariyoga said both states were overwhelming challenging dynamics as well as the future seemed exciting
“We want each other” he told the summit
Assistant Agriculture Minister Anne Ruston told the summit Indonesia and Australia could learn lessons from each other
The southeast Asian nation could be helped by Australia she said
Indonesia, subsequently, could supply expertise to Australia how to develop northern Australia, particularly means to benefit from chances in the tropics.