World

Indonesia, Australia optimistic about economic cooperation

Indonesian Trade Minister Muhammad Lutfi is optimistic that trade exchanges between Indonesia and Australia will revive under the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA).
Indonesia, Australia optimistic about economic cooperation ảnh 1Illustrative image (Photo: JOC)
Jakarta (VNA) - Indonesian Trade Minister Muhammad Lutfi is optimistic that trade exchanges between Indonesia and Australia will revive under the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA).

Lutfi said bilateral trade in the first half of 2021 has grown positively compared to 2020. This is a good sign and the two countries will further strengthen cooperation.

The COVID-19 pandemic has set a major obstacle to trade between the two countries. However, two-way trade should stabilise after the border is reopened as soon as possible.

Australian Trade Minister Dan Tehan said the two sides will strengthen economic cooperation more comprehensively. He said there are many potential investment areas in Indonesia, including education, renewable energy, minerals and rare earth metals.

Another potential area is the development of electric cars in Indonesia, and Australia is very confident to become a supplier of some important materials to help Indonesia develop electric vehicles in the future./.
VNA
#Trade #exports #Indonesia #Australia #Vietnam #Vietnam News Agency #Vietnamplus
Follow VietnamPlus

Related News

Indonesia promotes trade with non-traditional markets

Indonesia promotes trade with non-traditional markets

Indonesia is increasing its efforts to penetrate non-traditional markets, with preparations for a trade and investment forum with Latin American and Caribbean countries, and a new platform for doing business with Central and Eastern European countries.
Indonesia invests 645 million USD in tourism revival

Indonesia invests 645 million USD in tourism revival

On September 27, Indonesian Finance Minister Sri Mulyani said that the Indonesian government will allocate 9.2 trillion rupiah (645 million USD) from the state budget in 2022 to support the recovery of the tourism industry after the COVID-19 pandemic.

See more

Indonesian-branded cosmetic and personal care products are available at supermarkets and shopping malls (Photo: VNA)

Indonesia aims to master cosmetics industry value chain

Key drivers include its large population, expanding middle class, and rapidly rising demand for beauty products, especially among young consumers. The market has reached billions of US dollars and is projected to maintain strong growth in the medium term.

The Anthropic logo is seen in this illustration taken on Mar 1, 2026. (File photo: Reuters)

Singapore warns of cyber risks from Frontier AI models

According to CSA, advanced AI models – among the most cutting-edge systems today – can significantly shorten the time needed to identify system vulnerabilities and develop exploitation tools, reducing the process from months to just hours.

Helicopter carrying eight reported missing in Indonesia

Helicopter carrying eight reported missing in Indonesia

Indonesian authorities are urgently conducting a search and rescue operation after receiving reports that a helicopter carrying eight people suddenly lost contact on the morning of April 16 in West Kalimantan on the island of Borneo.

Malaysia’s job losses surge 47% in the first quarter of 2026 (Photo: AFP)

Malaysia's layoffs rise 47% in first quarter

The report, based on figures from Malaysia’s Social Security Organisation, showed layoffs peaked in January with around 10,700 cases before easing to 7,500 in February and 5,900 in March. Despite the slowdown toward the end of the quarter, the total remained significantly higher than the roughly 16,500 layoffs recorded in the same period of 2025.

People take part in the Songkran Festival in Bangkok, Thailand, on April 13, 2026. (Photo: Xinhua/VNA)

Thailand's tourism sector enjoys windfall during Songkran Festival 2026

TAT estimated that around 500,000 foreign tourists visited Thailand during the April 11–15 period, generating about 8.1 billion THB, a 2% year-on-year increase. Domestic travel is projected at 5.96 million trips, up 7%, contributing about 22.25 billion THB, an annual rise of 8%.

The sixth ASEAN Digital Ministers’ Meeting (ADGMIN) approves the Hanoi Declaration on digital cooperation, reaffirming the bloc’s goals and principles as outlined in the 1967 Bangkok Declaration and the ASEAN Charter. (Photo: ASEAN/Facebook)

ASEAN, Japan envision joint AI development

Amid intensifying US–China rivalry and deepening technological fragmentation, ASEAN and Japan have strong potential to collaborate in developing more inclusive and comprehensive artificial intelligence (AI) models, according to an article published on fulcrum.sg on April 14.