‘We can do much more’: Albanese calls on business to look past China to opportunities in Indonesia

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Prime minister says there is significant opportunity for Australian companies in Indonesia’s growing economy

Albanese argued China needed to abandon its “unjust” trade sanctions against Australia but said diversification was the way forward.Albanese said there were opportunities in Indonesia because there was “significant economic growth [and] significant growth in the middle class”.

Anthony Albanese is shown freshly baked bread during a visit to Eastern Pearl Flour Mill in Makassar.Albanese said he was pleased that executives from some of Australia’s largest corporates chose to accompany him on his state visit to Indonesia on “very short notice”.Council of Australia, Jennifer Westacott; you had the president of the Australian Industry Group; the chief executive of the Commonwealth Bank; representatives of major companies like Wesfarmers and Fortescue.

He said the head of Industry Super Funds, Greg Combet, would shortly lead a delegation to Indonesia “to look at ways in which Australian superannuation funds can invest in Indonesia”. “That’s a huge opportunity for a win–win.”

 

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Dan Andrews

the government is 1 big red tape machine Biz would need to consult lawyers to make a move Indonesia is like India the bureaucracy is driving people nuts It is why not many our companies want to go there to make things

TBH, guitar manufacturers have found better instruments made in Indonesia than in China.

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