Australia has expressed support for Indonesia’s accession to the Organisation for Economic Co-operation and Development (OECD) and membership in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Coordinating Minister for Economic Affairs Airlangga Hartarto said.
Trade
Indonesia is subject to a lower rate for having bans in place, but lacks effective enforcement. US Trade Representative Jamieson Greer slammed the failures as “unacceptable”.
Indonesian President Prabowo Subianto said on Wednesday that his government will mandate that exports of palm oil, coal, and ferroalloys be conducted through a state agency, as the country seeks to tighten its control over its natural resources and boost state revenue.
Deputy Foreign Affairs Minister Arif Havas Oegroseno on Tuesday urged global business leaders to first contact Indonesia’s embassies if they encounter obstacles when investing in the country.
The new brand program launched last month by AAM in partnership with its subsidiary PT Indonesia Livestock Operations, is called Anugerah Agri Makmur – Bahasan for ‘Grace, Agriculture, Welfare.’ The brand uses the tag, “Premium boxed beef raised in Australia and perfected in Indonesia.”
Indonesia’s trade surplus of $3.32 billion in March was larger than expected, despite a contraction in exports, as imports grew less than anticipated amid a weaker rupiah currency and Islamic holidays, official data showed on Monday.
Peter McGregor, National Treasurer of AIBC, stated that this year’s mission differs from the previous year. If in 2025 the focus was still on understanding the Indonesian economy, the discussion has now moved to the stage of eliminating obstacles and building investment capabilities.
Australian live feeder prices have now pushed above Indonesia’s effective government price cap. Indonesia again carried the bulk of 2025 volumes, but the Philippines and new breeder markets added welcome depth.
Australia-Indonesia Centre industry fellow and author Jemma Purdey said the treaty indicated any concerns Indonesia held about the AUKUS arrangement were in the past. President Prabowo has faced criticism at home for appearing to abandon the nation’s long-held foreign policy of non-alignment.
The ambassador said that its focus on investment reflected Australia’s commitment to expand economic cooperation with Indonesia beyond trade, adding that Australia has appointed Prof. Jennifer Westacott, the Chancellor of Western Sydney University, as Australia’s “business champion” for Indonesia.
Indonesia imported 1,383 more cows from Australia this week, agriculture officials said on Monday, as part of an ambitious $3 billion plan to woo small farmers to join efforts to quadruple dairy output.
South Sumatra’s quarantine agency certified 8.8 metric tons of robusta coffee from Pagaralam for export to Sydney, Australia, marking another overseas shipment as Indonesia seeks to expand agricultural exports and strengthen access to markets.
Palm oil prices extended losses on Wednesday, pressured by swelling inventories and weaker export demand, even as Indonesia ramps up efforts to secure tariff relief in key overseas markets.
A U.S. trade agreement reached with Indonesia in July is at risk of collapsing because Jakarta has backtracked on several commitments it made as part of the deal, a U.S. official said on Tuesday.
The Ministry of Trade announced that a Mojokerto-based business in East Java has made its first molasses export to Australia, worth US$10,000 or around Rp166.5 million.
The mission came at an important time for Southeast Asia as governments and industry strategise how best to support their growing populations’ nutritional needs over the next 10 to 20 years.
