“In addition to having a negative impact on exports of Indonesian palm oil to the EU, it will also create a bad image for oil palm products in global trade.”
“Together, we have agreed to deepen our cooperation in the areas of peace keeping, humanitarian assistance and disaster relief, and of course maritime security.”
As companies look to move production out of China, they are largely bypassing Indonesia in favor of nimbler neighbors such as Vietnam.
Indonesia’s economic growth has barely moved in three quarters, prompting some analysts to cast doubt over the data.
What was Factory Asia has made a subtle shift to a consumer-driven Market Asia under the “world’s biggest trade deal”.
In the Central Java province of Indonesia, amid a patchwork of rice fields and farms where sugar and indigo crops once dominated, garment factories are now bustling.
As Santo Darmosumarto, director of the East Asia and Pacific division of Indonesia’s foreign ministry, said: “For a long time we have looked north; to Japan, Korea and China, and so has Australia, but in both looking north we have missed each other.”
Indonesia is dangling the world’s largest trove of nickel to lure the auto industry into spending billions of dollars to transform the islands into a hub for the technology.
The latest set piece showdown between the Labor Party leadership and its union base over a trade deal – this time with Indonesia – comes with some overlooked historic irony.
“This report confirms that the ratification of these agreements will enhance export opportunities and deliver significant benefits for Australian farmers and businesses.”