Succeeding Together Report (2015)
Produced by:
- ANZ (Lead)
- PriceWaterHouseCoopers (Co-Lead)
- Australia-Indonesia Centre
In 2015, the Australia-Indonesia Centre commissioned ANZ and PwC to identify trade sectors where both nations could 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 the then Australian Minister for Trade and Investment, 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. Moreover, neither nation has to do too much – just rethink commercial relationships and create new joint business partnerships in high-potential areas.
It identified four sectors as having high potential to create these new partnerships – animal products, food processing, textiles and logistics – and emphasised that if Australia and Indonesia don’t take advantage of these opportunities, they will be taken by other nations.
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.
The report
- ANZ; PwC; Rivers, Professor George; Tradenta, Julio (2017): Succeeding Together: Maximising the potential for joint opportunities between Australia and Indonesia.
Media
- The Jakarta Post
- Australia keen on business opportunities in RI
- Australian businesses are keen to explore business opportunities with their Indonesian counterparts, as reflected in a bilateral business conference that is currently ongoing.
- Sydney Morning Herald
- Harold Mitchell: Let’s beef up our relationship with Indonesia
- It’s all too easy in times like these to think that the world is dominated and controlled by conflict and violence. But it’s important to remember that the opposite is far more the case. People are great cooperators.
- International Business Times
- Australian trade minister Andrew Robb heads to Indonesia with a huge delegation to attend Indonesia-Australia Business Week
- Australia’s Minister for Trade and Investment, Andrew Robb is leading the country’s largest ever trade and investment business delegation to Indonesia, projecting Australian capability in major industry sectors.
- Herald Sun
- Aust, Indon to team up and take on world
- Australian and Indonesian businesses should team up in key areas of commercial advantage to jockey for a larger slice of a potential $4 trillion trade prize.
- The Jakarta Post
- A new business catchcry for Indonesia and Australia
- 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.
- Australian Financial Review
- Asia’s odd couple: Australia and Indonesia need each other after mining bust
- Australian business has been told to grab a new opportunity for joint ventures in Indonesia in industries such as textiles, logistics and animal products so both countries can pool their expertise to create new areas of export competitiveness.
- Australian Financial Review
- Australia and Indonesia must find new sources of economic growth
- 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.
- The Age
- Australia and Indonesia need to rethink economic ties and work together: report
- Australia and Indonesia need to rethink their weak economic ties and work together in areas such as fashion, food-processing, animal products and logistics to seize trillion-dollar trade opportunities in southeast Asia, according to a new report.
- ABC
- Australia and Indonesia well positioned to build strong trade and investment relations: Australia-Indonesia Centre
- The relationship with our near neighbour Indonesia is strategically important but historically difficult.
- ANZ BlueNotes
- Australia and Indonesia can succeed together
- Indonesia and Australia are surrounded by opportunity now. Quick action is required to capture these before they are whittled away by others. But succeeding together is attainable.