In 2015, the Australia-Indonesia Centre commissioned ANZ and PwC to identify trade sectors where both nations can develop joint competitive advantage in the global market.
The ‘Succeeding Together’ report, prepared by ANZ and PwC for the Australia-Indonesia Centre, was launched at the Indonesia Australia Business Council conference in Yogyakarta by then Australian Minister for Trade and Investment, the Hon. Andrew Robb.
It highlighted that there is a $3 trillion opportunity in trade opening up in Southeast Asia, and Australia and Indonesia can be winners if they work together to secure parts of global supply chains.
The report’s approach complements the Australian Government’s commitment to building closer trade and investment ties through trade agreements with China, Japan and Korea, and other broader trade initiatives including the ASEAN-Australia-New Zealand Free Trade Agreement, the continuing Regional Comprehensive Economic Partnership and the Trans Pacific Partnership.
Indonesia and Australia must diversify from their traditional strengths in the face of slowing global growth and joint development could help to lever competitive advantages.
Indonesia and Australia must diversify from their traditional strengths in the face of slowing gloable growth and joint development could help to lever competitive advantages.