The prime minister focused heavily on trade and investment with Indonesia during a three-day visit, taking with him a high-powered delegation of chief executives from Australia’s largest companies.
Prime Minister Anthony Albanese says Australia must diversify its trade and economic interests away from China and build up links with countries including Indonesia and India.
Industry and Science Minister Ed Husic and Prime Minister Anthony Albanese take a selfie with students at the Universitas Hasanuddin in Makassar, Indonesia.
“We will continue to work on trade diversification. It’s important … because at one stage the trade proportion with China was up around 45 per cent … we need to make sure we diversify the opportunities which are there ... Indonesia is obviously a very important element in that,” he said.Australia’s exports to China were worth $160 billion in 2020, compared with $17 billion for India and $7 billion for Indonesia.
“I think for a lot of Indonesians, they know that Australia knows about Jakarta and knows about Bali. What they want is an Australian government that understands this vast archipelago and this vast nation.”
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