AGRICULTURE, aviation, marine, defence, e-commerce, cybersecurity, fintech, vocational education and training, future cities and health are among emerging growth sectors in Indonesia . . .
INDONESIA’s economy, currently the world’s 16th largest, is forecast to be the world’s fourth largest individual economy by 2050 – a compelling reason why Australian businesses should enhance engagement, says by Sally-Ann Watts, Austrade’s Jakarta-based Senior Trade Commissioner for Indonesia.
Addressing a series of seminars in Australia, she said three main changes have occurred in the Indonesian market - digital transformation of the economy; the emerging middle class; and opportunity for Australia to help improve living standards and close the skills gap.
The seminars outlined opportunities for Australia in key areas of agriculture (including goods, technology and services), aviation, marine, defence, e-commerce, cybersecurity and fintech, education (transnational vocational education and training), future cities and health.
Watts said Indonesia is now Australia’s 13th largest trading partner, and that, economically, it represents almost 40 per cent of the ASEAN region’s output. It is home to 255 million people.
Along with her team of in-market Trade Commissioners, Watts presented the following summary of industry sectors in Indonesia -
Agrifood and agtech
Indonesia is an important market for Australia, taking agricultural exports valued at AUD3.2 billion in 2016.
Indonesia’s agricultural sector is undergoing a transformation as the next generation of farmers look to new technologies to increase productivity. Farm and processing enterprises are seeking new technologies to maximise acreage usage and reduce waste.