BUSINESS DELEGATION TO INDONESIA WITH ABBOTT 'GREAT START'

BUSINESS DELEGATION TO INDONESIA WITH ABBOTT 'GREAT START'

TONY Abbott’s inclusion of business representatives in his first visit as Prime Minister to Indonesia endorses an economic action plan released by the Business Council of Australia (BCA) before the election, says its president.

Jennifer Westacott says the plan calls for a focus on relations with our northern neighbours, including the establishment of high-level CEO dialogue.

“And this trip gets us off to a great start,” says Westacott.

She joined Abbott and senior Coalition ministers as part of an Australian Business Delegation which met with Indonesian counterparts to discuss strengthening the two-way economic relationship.

“Nothing could send a clearer message that Australia is open for business and looking for trade and investment opportunities than the Prime Minister taking such a senior business delegation on his first overseas trip as leader, within two weeks of winning the election.

“Including Australian business leaders in the trip shows we are serious about stronger trade and investment with Indonesia, and that we understand the huge opportunities for both countries from closer engagement and cooperation.

"With Indonesia on track to be in the world’s 10 biggest economies by 2025, adding 90 million new consumers by 2030, there are immense opportunities for Australia in financial services, health, agriculture, resources, infrastructure, and telecommunications.”

Westacott outlines four goals she hopes the trip will help achieve:

Completing the Comprehensive Economic Partnership Agreement;

Establishing a CEO roundtable for business leaders to identify economic opportunities;

Welcoming higher levels of Indonesian investment in Australia, including in agriculture; and

Using the new Colombo Plan to boost Indonesian capability in Australia, and Australian capability in Indonesia.

“We welcome the Prime Minister’s commitment to including business delegations on future overseas visits.

“Nothing could better reinforce the message that Australia is serious about boosting trade and investment,” she says.

Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

Advertisement

Related Stories

Ellume fast tracks US travel with rapid testing for Delta Airlines passengers

Ellume fast tracks US travel with rapid testing for Delta Airlines passengers

Brisbane-based diagnostics company Ellume has struck a major deal...

"Management is head. Leadership is heart": Jack Delosa's guiding tips to startup founders

"Management is head. Leadership is heart": Jack Delosa's guiding tips to startup founders

"Lots of business literature conflates leadership and manage...

Flight Centre offers 1 per cent of stock to keep staff happy

Flight Centre offers 1 per cent of stock to keep staff happy

After a $700 million capital raise diluted the shareholdings of F...

Administrators call for Smiles to be wound up as practice sales recoup $9.2m

Administrators call for Smiles to be wound up as practice sales recoup $9.2m

Deloitte's administrators of fallen dental roll-up Smile...