Australian wheat is geographically close and well suited for noodles, but dependency on it poses a risk for Indonesia’s food self-sufficiency.
Trade
The Chinese video-sharing platform wants to capture as many of Indonesia’s 6 million SMEs as possible with its new advertising service for businesses.
The lack of clarity on the tenor of bonds the BI will buy and how it will subsequently get rid of these bond holdings have analysts worried.
The saying goes as one door closes another one opens. That may be one of Australia’s answers to our lack of on-going trade with mainland China.
Without funding reform or government intervention, the nation’s third-largest industry and greatest contributor to research and development will severely retract.
The country’s export to Australia still rose 15.69 percent YoY to $920 million in the January-May period, when export to major trade partners was mostly down.
“We are running out of time to save the economy,” said Rosan Roeslani, chairman of the Indonesian Chamber of Commerce and Industry. “The government’s stimulus spending is super slow.”
The Trade Ministry expects a boost in the export of some Indonesian products to Australia, such as textiles, automotive products, electronics, fish products and communication tools, as the trade pact is now in effect.
The trigger for this research was a request from overseas buyers for colourful dried seaweed (purple, green and red), with colour indicating an abundance of the active ingredient.
“Trade tariffs on all Indonesian products exported to Australia will be eliminated. This tariff preference under the IA-CEPA should be utilised optimally by Indonesian business.”
There is little evidence Jokowi sees trade deals as a way to drive liberalising domestic economic reforms at home.
“This breakthrough with our sixth largest agricultural export market will help turbo charge trade opportunities and propel our post pandemic recovery.”
The Indonesian-Australia Comprehensive Economic Partnership Agreement has come into effect, with Australia’s Trade Minister touting its benefits.
Well-calibrated Australian support could make a pivotal difference to lower the risks and help Indonesia finance the budget deficit needed to get through the pandemic.
The relocation of factories, including South Korea’s LG and Japan’s Panasonic, will bring potential employment for 30,000 workers.
Logically we’d be putting money and imagination into revealing who we are and what we do. Now’s the time, using the new free trade agreement with Indonesia.
