The Australian Chamber of Commerce and Industry on August 1^st 2022 hosted Mr. Arshad Rasjid, chair of the Indonesian Chamber of Commerce and Industry (KADIN), Indonesian Ambassador to Australia, Dr. Siswo Pramono, and a delegation of Indonesian business leaders.

During the delegation’s visit, the Chamber oversaw the signing of a Memorandum of Understanding (MOU) with KADIN dedicated to further enhancing trade and investment linkages through the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA).

The signing renews an MOU first signed in 2016. The MOU was signed by KADIN chairman Arshad Rasjid and ACCI chief executive Andrew McKellar and reaffirms their commitment to further promote growth and prosperity between Australia and Indonesia, one of the world’s fastest growing economies.

The agreement is expected to help elevate the two organisations’ already strong levels of cooperation and comes amid the Chambers’ work in facilitating further commercial opportunities in both Australian and Indonesian markets. ACCI’s leadership in further advancing a forwardleaning Indonesia policy will be further on display when the Chamber represents Australian business at the forthcoming B20 Summit in Indonesia. Australia and Indonesia are the only members of the B20 in South East Asia.

ACCI chief executive Andrew McKellar said: “The world needs less protectionism and more collaboration. We need meaningful cooperation and real teamwork to address the new global challenges of today. “The renewed Memorandum of Understanding between the Australian Chamber of Commerce and Industry and Indonesian Chamber of Commerce and Industry reaffirms our commitment to enhance the collaborative partnership between our countries. “ACCI and KADIN are pleased to take this step forward today alongside partners and friends to advance our common purpose of promoting Australia-Indonesia commercial relations,” Mr. McKellar added.