Tempo is reporting that the Australian Consulate-General in Bali introduced ‘Invested: Australia’s Southeast Asia Economic Strategy to 2040’ to businesses at a networking event in Bali on Sunday (15/9/24,) to present the strategy.
‘Invested: Australia’s Southeast Asia Economic Strategy to 2040’ is a practical pathway to increase Australia’s two-way trade and investment with countries in the region.
“Deepening trade and investment with Southeast Asia, including Indonesia, is a key priority for the Australian Government. I am pleased to welcome colleagues from the Australian Embassy in Jakarta to introduce ‘Invested: Australia’s Southeast Asia Economic Strategy to 2040’ to us,” said Australian Consul-General in Bali, Jo Stevens.
According to Stevens, the strategy is a collaboration between Australian investors, businesses and the Indonesian government to identify and facilitate investment opportunities, and to help both countries develop and integrate the Indonesian and Australian economies, says Tempo.
At the event, Australia’s Senior Trade and Investment Commissioner for Indonesia, Stephen Skulley, outlined the strategy and the role of the Investment Deals Team in Jakarta. He explained that this initiative aims to support and capitalize on several opportunities presented by Indonesia’s economic growth, according to Tempo, adding that by bringing together the Australian Government’s commercial, financial and policy capabilities, the Investment Deal Team will connect Indonesian projects with Australian investors. The team will leverage Australia’s Export Finance activities in the region, including the AUD 2 billion Southeast Asia Investment Financing Facility, to support and catalyze greater private sector investment.
Previously, during the visit of Australian Prime Minister Anthony Albanese to Jakarta in June 2022, he expressed his commitment to extending cooperation and friendship. Indonesia and Australia are close partners on issues of trade, development, education and regional security. Albanese hopes that Australia and Indonesia can build further ties, including revitalizing trade relations and promoting cooperation in the areas of climate, infrastructure and energy, reports Tempo.
The Australian Embassy in Jakarta explained that both countries share the desire to unlock the potential of the Indonesia-Australia Comprehensive Economic Partnership Agreement. Both also agreed to continue the government’s proposed AUD 200 million (approximately IDR 2 trillion) infrastructure and climate fund with Indonesia.
Source: Tempo
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