RI-Australia encourage stronger cooperation in food, infrastructure

Jakarta (ANTARA) - Indonesia explored ways to strengthen cooperation with Australia in the food and infrastructure sectors through Indonesia-Australia Business Summit (IABS) for Indonesia Updates 2026 in order to deepen their strategic economic partnership.

In a statement issued here on Thursday, Indonesia's Deputy Minister of Investment and Downstreaming (BKPM) Todotua Pasaribu said the government is maintaining its economic growth momentum by strengthening investment as a key driver of national growth.

Indonesia is targeting 8 percent economic growth through President Prabowo Subianto's Asta Cita agenda, Pasaribu added, which focuses on food security, energy security, and downstream industrial development.

Speaking at the forum held in Sydney, Australia, on Tuesday (June 30), Pasaribu said the government aims to realise Rp3,414 trillion (around US$189.6 billion) in investment by 2029 while offering investment opportunities across priority sectors.

Those sectors include renewable energy, downstream industries, food security, semiconductors, export-oriented manufacturing, healthcare, Indonesia's new capital city development, education, and the digital economy.

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"Indonesia and Australia are in the right moment to strengthen their investment partnership. The two countries have complementary economies, supported by the increasingly mature Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA)," Pasaribu explained.

Furthermore, the Indonesian government continues to improve the investment climate through simplified licensing, fiscal and non-fiscal incentives, and the development of industrial estates and special economic zones

Pasaribu, therefore, invited Australian investors, especially in projects aimed at strengthening infrastructure and food security.

"We invite Australian investors to become part of Indonesia's next chapter of economic growth through investments in downstream industries, infrastructure, food security, the energy transition, and the green economy," Pasaribu noted.

During the event, the Australian Chamber of Commerce and Industry (ACCI) and the Indonesian Chamber of Commerce and Industry (Kadin) also signed a memorandum of understanding (MoU) on cooperation in trade, investment, and business relationship.

Related news: RI seeks Australian investment to drive downstreaming, green economy

Translator: Ahmad, Kenzu

Editor: Fransiska Ninditya

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