BUSINESS DELEGATION TO INDONESIA WITH ABBOTT 'GREAT START'

Written on the 1 October 2013

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.


Latest News

BELLAMY'S FINDS EXPORTING BABY FORMULA INTO CHINA IS NO CHILD'S PLAY

BELLAMY'S (ASX: BAL) shares have suffered a 40 per cent drop in value today after the company hit a regulatory...

BRISBANE WATCH BRAND ADINA AIMS FOR ICONIC

ADINA watches is at a turning point in its history, 45 years after being founded by Robert 'Bob' Menzies i...

WHY YOU SHOULD CARE FOR YOUR BODY AS MUCH AS YOUR BUSINESS

ENTREPRENEURSHIP is a busy business. It can be all-consuming, but it is important not to neglect your health Y...

BULLETS BACK IN THE BUSINESS COMMUNITY

ALTHOUGH new to the current south-east Queensland sporting landscape, the Brisbane Bullets have a rich basketball ...

Related News

JB HI-FI IS THE GOOD GUY IN $870 MILLION ACQUISITION

ELECTRONICS giant JB Hi-Fi has formally completed its $870 million acquisition of home appliance chain The Good Gu...

ACCC ACTS AGAINST MERITON'S RIGGED REVIEWS

MERITON Property Services is under fire from Australia's main consumer watchdog, after it allegedly engaged in mi...

ACCC FIRES WARNING SHOT TO IVF PROVIDERS

IVF clinics have been put on notice by consumer watchdog, the Australian Competition and Consumer Commission (ACCC...

BIG W CEO QUITS AFTER 11 MONTHS

SALLY MacDonald has resigned as chief executive of BIG W ending her tenure at the helm of the struggling discount ...

Contact us

Email News Update Sign Up Contact Details

Subscribe to our mailing list

* indicates required
Email Format

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter