AUSTRALIAN BUSINESS INVESTMENT IN INDONESIA

WITNESS NEWS FOR SEA TODAY - PKG - AUS - MCD - AUSTRALIAN BUSINESS INVESTMENT IN INDONESIA.

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SLUG: AUSTRALIAN BUSINESS INVESTMENT IN INDONESIA

LOCATION: MELBOURNE – AUSTRALIA

CORRESPONDENT NAME: MATTHEW MCDONALD

NUMBER OF FILE: 2

FILENAMES: WITNESS NEWS FOR SEA TODAY - PKG - AUS - MCD - AUSTRALIAN BUSINESS INVESTMENT IN INDONESIA

<<LEAD IN>>

<<HOST>>  THE AUSTRALIAN GOVERNMENT IS ENCOURAGING AUSTRALIAN BUSINESSES TO EXPLORE OPPORTUNITIES FOR EXPANSION INTO SOUTH EAST ASIA, ESPECIALLY INDONESIA, GIVEN ITS RAPID GROWING AND COMPETITIVE ECONOMY //

<<HOST>>  A RECENT TRADE MISSION SAW 19 AUSTRALIAN BUSINESSES VISIT INDONESIA TO LEARN HOW THEY CAN COMPLIMENT INDONESIA’S GROWING DIGITAL TECH INDUSTRIES //

<<ROLL PKG>>

<<ROLL VO1>> 

AUSTRALIA AND INDONESIA’S TRADE RELATIONSHIP HAS ALWAYS BEEN STRONG BUT THERE HAS BEEN A RECENT PUSH TO STRENGTHEN IT EVEN MORE // PARTICULARLY NOW, WHILE INDONESIA’S RAPIDLY GROWING ECONOMY IS OPENING COMPETITIVE OPPORTUNITIES FOR FOREIGN INVESTMENT //

THOUGH THERE’S AN OUTDATED PERCEPTION OF TRADE WITH INDONESIA AMONG AUSTRALIAN BUSINESSES THAT NEEDS TO BE CHANGED FIRST //

<<SOT>> 

(03:37 - 03:53) HELEN BROWN / LEAD, COMMUNICATIONS AND OUTREACH, AUSTRALIA-INDONESIA CENTRE

SO I GUESS THERE’S A BIT OF A LAG OF KNOWLEDGE BUT THE MISSIONS THAT THE GOVERNMENT IS ORGANISING / THE TRADE AND INVESTMENT BODY / AUSTRADE IN PARTICULAR /ARE GETTING MORE AUSTRALIAN BUSINESSES TO GO OVER AND TAKE A LOOK AND SHOWCASE THEIR CAPABILITIES BUT ALSO UNDERSTAND WHERE THEY MIGHT BE FIT //

<<VO2>> 

THE AUSTRALIAN GOVERNMENT JUST HAD 19 AUSTRALIAN COMPANIES VISIT INDONESIA TO LOOK AT FINANCIAL TECH SECTORS, CYBER SECURITY AND AGRICULTURAL TECH ./ IT WAS TO SEE HOW THEY CAN COMPLIMENT THE ECONOMIC CHANGE IN THE REGION / BUT ALSO HOW THEY CAN LEARN FROM IT //

<<SOT>> 

(07:01 - 07:32) HELEN BROWN / LEAD, COMMUNICATIONS AND OUTREACH, AUSTRALIA-INDONESIA CENTRE

AUSTRALIA IN COMPARISON / AND AS I LIVED BETWEEN TWO COUNTRIES / WAS A SLOWER ADOPTER OF SOME DIGITAL TECHNOLOGIES PARTICULARLY AROUND CHAT APPLICATIONS // AND E-COMMERCE IS HUGE IN INDONESIA / ABSOLUTELY MASSIVE (COULD BE CUT HERE IF YOU WANT IT SHORTER) BECAUSE PEOPLE HAVE ADAPTED TO IT VERY QUICKLY AND JUMPED ON IT AND A VERY COMFORTABLE USING THE VERY COMFORTABLE SHOPPING FOR DEALS AND YOU KNOW JUST TRYING TO FIND THE THING THAT SUITS THEM WHEREAS YOU KNOW THIS IN COUNTRIES LIKE AUSTRALIA IT'S A BIT OF A DIFFERENT ENVIRONMENT //

<<PTC>> 

INDONESIA HAS EMERGED AS A SIGNIFICANT FORCE IN THE GLOBAL ECONOMY / AND ITS CONSISTENT ANNUAL ECONOMIC GROWTH PRESENTS FRESH PROSPECTS FOR AUSTRALIAN BUSINESSES / PARTICULARLY GIVEN INDONESIA'S PROXIMITY AS ONE OF AUSTRALIA'S NEAREST NEIGHBORS //

<<VO3>> 

THE AIBC / THE AUSTRALIA INDONESIA BUSINESS COUNCIL IS THE PEAK LOBBY AND INTEREST GROUP FOR PROMOTING BUSINESS RELATIONSHIPS WITH INDONESIA // GARRY EMBLETON IS THE CHAIR //

<<SOT>> 

 (00:52 - 01:03)  GARRY EMBLETON / CHAIR OF THE AUSTRALIAN INDONESIA BUSINESS COUNCIL 

WE'VE JUST HAD OUR NATIONAL CONFERENCE TWO WEEKS AGO / WE HAD AROUND ABOUT 250 DELEGATES IN SYDNEY TALKING ALL THINGS INDONESIA WITH BUSINESS AND THE THEME OF THAT CONFERENCE WAS INDONESIA THE TIME IS NOW //

<<VO4>> 

GARRY MENTIONED THAT AUSTRALIAN BUSINESSES HAVE AT TIMES FALLEN INTO THE TRAP OF BEING TOO SINGULAR IN ASIAN INVESTMENTS BY JUST FOCUSSING ON CHINA / HIS COMPANY, AUSFINE FOODS INTERNATIONAL HAS DIVERSIFIED WITH INDONESIAN PARTNERSHIPS //

<<SOT>>  

(02:48 - 03:03)  GARRY EMBLETON / CHAIR OF THE AUSTRALIAN INDONESIA BUSINESS COUNCIL 

I REALLY STRESS THAT THE IMPORTANCE THAT IT'S NOT JUST ABOUT WHAT CAN WE SELL TO INDONESIA IT’S WHAT WE CAN BUY FROM INDONESIA / IT’S WHERE IS THE TWO WAY INVESTMENT OPPORTUNITY AS WELL // IF ALL YOU'RE DOING IS GOING ONE WAY YOU'VE GOT A TRANSACTION / YOU'VE GOT TO BE GOING TWO WAYS TO HAVE A PARTNERSHIP //

<<VO5>>

RIGHT NOW, AUSTRALIA’S TRADE RANKING WITH INDONESIA REMAINS STAGNANT FLOATING JUST BEYOND THE TOP TEN, BUT THE GOAL IS TO MOVE UP HIGHER AMONG INDONESIA’S OTHER MAJOR TRADERS LIKE SINGAPORE, SOUTH KOREA AND CHINA //

((SIGN OUT))

MATTHEW MCDONALD, REPORTING FOR SEA TODAY, MELBOURNE

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