ANALYSIS: Jokowi arrives in Canberra bearing 'gift', but relationship still has long way to go
If its economy continues to grow at its current rate, Indonesia will become one of the most powerful nations in the world in coming decades.
"From the feedback we receive, business is now realising that it needs to diversify its global strategy so that it is not caught by arbitrary decisions or events in one country," Helen Brown, managing director of Bisnis Asia, a consultancy which advises Australian firms on how to do business in the region, said.
"Ironically, while many companies aspire to go into China, they find it tough, yet worthwhile. However they don't yet consider Indonesia with that frame."for a"common digital future" in August last year. Tim Lindsey, director of the Centre for Indonesian Law, Islam and Society, said IA-CEPA represented a"long overdue" chance to capitalise on that goodwill.
"It offers a real opportunity for Australian business to win access to Indonesia's spectacular economic growth before it is too late," he said.
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