Australian business should take a fresh look at Indonesia, the powerhouse nation on our doorstep and soon to be among the largest economies in the world. With a strong middle class - 52 million and growing - forecasters predict Indonesia's swift post-COVID recovery, a testament to Indonesia's resilient growth and commitment to reform.
In 2020, the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) entered into force which gives Australian businesses major advantages in the Indonesian market.
To assist Australian companies take advantage of the Agreement and deepen their engagement with Indonesia, the Australian government has produced this strategy document.
The blueprint provides practical and strategic guidance for Australian businesses considering market opportunities in the Indonesian economy for the first time. It also helps Australian business take advantage of complementarities between the two economies – Australia has the goods, expertise and know-how which align with Indonesia's major economic priorities.