Australia and Indonesia sign agreement on Trade

NSW and Jakarta Agreement to enhance trade in areas of Agriculture, Education, Technology, Infrastructure services

NSW and the Jakarta Capital City Government have today renewed their long-standing Sister State Relationship by signing a Memorandum of Understanding (MOU) to further cooperation and exchanges.

The MOU was signed by Minister for Trade, Tourism and Major Events Stuart Ayres and Djarot Saiful Hidayat, Vice Governor of Jakarta, and aims to grow trade in areas of agriculture, education, technology and infrastructure services.

Mr Ayres said the signing of the 2015 MOU is an important step in further developing NSW’s engagement with Jakarta and Indonesia.

“Indonesia is a priority international market for NSW and this Government is committed to working closely with Jakarta to encourage links at Government and business levels,” Mr Ayres said.

“NSW and Indonesia are well placed to capitalise on new opportunities, particularly as Indonesia grows into a regional economic leader and NSW continues to lead Australia as the national economic powerhouse.

“Indonesia continues to exhibit high growth potential and the Indonesian Government’s focus on infrastructure offers opportunities for NSW businesses.”

Indonesia is the largest of the ASEAN economies and has an impressive track record over the past 10 years, consistently achieving economic growth in the 5–6 per cent range. Two-way trade between NSW and Indonesia is valued at $1.4 billion (2014-15).

A Sister State Agreement and MOU between NSW and Jakarta was signed in 1994.

NSW has also signed MOUs with California, Seoul, Tokyo, Guangdong Province and Maharashtra.

Minister Ayres with Vice Governor of Jakarta
Minister Ayres with Vice Governor of Jakarta

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