Assistant Minister for Trade, Tourism and Investment, the Hon Keith Pitt MP, will today deliver a keynote address at the Indonesia-Australia Business Council Conference, held from 6-7 November in Surabaya, Indonesia.
The Indonesia-Australia Business Council Conference provides a forum for Australian and Indonesian businesses to create new commercial opportunities and support economic growth in both countries. The theme of this year's conference is "Making it happen".
Mr Pitt will highlight the Australian Government's commitment to further strengthening ties with Indonesia, including through the proposed Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA).
"IA-CEPA will deepen economic cooperation between Australia and Indonesia – the two largest economies in South-East Asia," Mr Pitt said.
"IA-CEPA will make it easier for Indonesian and Australian businesses to trade and invest with one another."
Mr Pitt will discuss the strong trade and investment links between Australia and Indonesia in his address and how this benefits both economies.
Bilateral trade between Australia and Indonesia was valued at A$15.4 billion in 2016, while two-way investment was valued at A$10.4 billion.
Mr Pitt will meet Saifullah Yusuf, Deputy Governor of East Java. Surabaya, the capital of East Java, is one of Indonesia's fastest growing economies. An increasing number of Australian companies are investing in this region in financial services, education, health, manufacturing and infrastructure.
"Establishing the Australian Consulate-General in Surabaya earlier this year highlights the Australian Governments' commitment to greater and trade and investment in East Java" Assistant Minister Pitt said.
- Minister's office: (02) 6277 4122
- DFAT Media Liaison: (02) 6261 1555