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back to home | Jakarta, August 8th, 2022 | B20 Secretariat

Strengthening Multilateral Relations, B20 Delegation Visit Australia

Jakarta, August 8th, 2022

The roadshow in the context of socializing and promoting the G20-B20 Presidency as well as increasing bilateral economic, investment and business cooperation was again carried out by the B20 Indonesia delegation and the Indonesian Chamber of Commerce and Industry. After visits to several European Union countries, the United States, Canada, Singapore, Japan, and South Korea, the visit was continued to Australia.


The 7-day visit, which starts from 31 July to 6 August 2022, will be held in four cities, namely Canberra, Sydney, Melbourne and Perth. During this visit, the delegation met with representatives of Australian business organizations, such as the Australian Chamber of Commerce and Industry (ACCI) and the Australia-Indonesia Business Council (AIBC). The delegation also visited Indonesia Trading House Australia (ITHA), with the aim of promoting a wider variety of Indonesian MSME products in Australia.


In addition, the delegation also met a number of representatives of the Australian government, such as the Department of the Prime Minister and Cabinet, the Australian Capital Territory (ACT) Government Business Hub and several companies such as audit firm KPMG, Sky Jade Corporation and digital application company TAPP.


One of the main and important agendas in this visit to Australia is the B20 Global Dialogue in Sydney which is facilitated by the state government of New South Wales. In addition to socializing the policy paper recommendation, the dialogue also aims to garner support from Australia as a member of the G20, especially from the business community.


The Indonesian B20 Presidency requests support, advocacy and monitoring from the Australian business community regarding the concrete implementation of the recommendations drawn up by the Indonesian B20 Task Force and Action Council. In particular, to elaborate effective solutions that contribute to a resilient global supply chain and encourage green transition to achieve the Sustainable Development Goals (SDGs), with a focus on the work of the Energy-Sustainability and Climate Task Force and Trade and Investment Task Force.


Australia has expressed a commitment to promote climate change mitigation and accelerate the development of Indonesia's health infrastructure, namely through funding of US$ 200 million for the development of related infrastructure. The commitment that was emphasized by the Australian Prime Minister during his visit to Indonesia last May was welcomed by President Jokowi by opening up opportunities for Australian companies.


Among them with an investment of US $ 10 billion dollars through Fortescue Metals Group in the development of hydropower and geothermal and Sun Cable of US $ 1.5 billion in the energy sector. For the health sector, Australia has also stated a commitment to allocate an investment fund of US$ 1 billion as a preventive measure for future pandemics, including the supply availability of 8.4 billion vaccines by 2022.


In relation to investment commitments from Australia, the Indonesian Chamber of Commerce and Industry, which overseeing businesses and the private sector will continue to facilitate and collaborate with the Australian business community in investing in the growing and growing Indonesian market. To harness the power of collaboration and innovation, the Indonesian government has transformed itself into a very close Private-Public Partnership for the progress and prosperity of all Indonesians.


“This Australian government commitment proves the close collaboration between the two countries, as well as strategic cooperation between business sectors. This collaboration will be further strengthened by the B20 Presidency through policy paper recommendations, particularly those produced by the Trade and Investment Task Forceto increase open, fair and efficient global trade through reform of the World Trade Organization. Recommendations from the Energy, Sustainability, and Climate Task Force to accelerate the energy transition and ensure affordable energy in developed and developing countries," said Chair of B20 Indonesia Shinta Kamdani.


Shinta also believes that the recommendations from the Finance and Infrastructure Task Force can improve access to funding for green infrastructure, decarbonization and acceleration of digital infrastructure while realizing a more inclusive global financial system.


Increasing Cooperation Through the IA-CEPA Framework

General Chairperson of the Indonesian Chamber of Commerce and Industry Arsjad Rasjid said the marathon visit to several Australian states brought a number of priority agendas that were in line with the agenda of the Indonesian B20-G20 Presidency. Among other things, improving the health architecture, energy transition and economic inclusion through the commitment to signing an MoU in the business sector, as well as education and sustainable development as a realization of the framework for the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) which is a strategic tool to strengthen economic and social partnerships. business of the two countries.


“Indonesian Chamber of Commerce and Industry wants to strengthen business relationships and economic partnership opportunities with the Australian government and business community. Indonesia has made many breakthroughs, including through policy reforms that support the investment climate to make it easier for investors. Moreover, considering that Indonesia and Australia already have an IA-CEPA cooperation framework that will be able to increase investment and trade through various sectors. Starting from health, food, education, trade in goods and services, digital, to energy," added Arsjad.


Arsjad is optimistic that this visit to Australia can encourage investment and economic growth of both countries, considering that the IA-CEPA Agreement will facilitate investment, protection and protection activities. facilities for investors from both countries. Indonesia itself is ranked 12th as Australia's investment destination country. The establishment of the IA-CEPA is expected to be an impetus for Indonesia to jump into the top 10 investment destination countries for Australia.


B20 Indonesia's Legacy For Global Economic Recovery The

Success of B20 Indonesia's Presidency, Shinta said, it requires the support and collaboration of all G20 leaders and the business sector. legacy produced by B20 Indonesia is believed to be a breakthrough that contributes to accelerating the achievement of the G20 agenda if it is accompanied by the commitment of G20 countries.


First, The Carbon Center of Excellence as a knowledge center and center share best practice ice. Second, B20 Wiki, a platform that aims to increase the capacity of MSMEs to be able to compete in the global supply chain. Third, through the initiation of the Tri Hita Karana Global Blended Finance Alliance. Fourth, the One Global Women Empowerment platform, as a platform for accelerating women's empowerment. Fifth, the world health monitoring system and sixth, the Global One-Shot campaign.


“We hope that the Australian business community is willing to attend the B20 Indonesia Summit in November, participating through B20 Connect-initiatives which will facilitate networking and identify business opportunities through business-matching trade and investment. The business sector has the opportunity to showcase projects and products, as well as meet potential investors,” added Shinta.


This meeting was held with the support of PT Astra International Tbk, PT Bayan Resources Tbk, PT Indika Energy Tbk and Sinar Mas.