Indonesia’s President Prabowo Subianto on Friday invited Australia to develop joint ventures in agriculture and mining, offering the Danantara Indonesia Investment Management Agency as a strategic investment partner to strengthen bilateral economic ties.
Meeting Australian Prime Minister Anthony Albanese at the Merdeka Palace in Jakarta, Prabowo said the two leaders discussed priority agricultural cooperation as Indonesia accelerates productivity to achieve food self-sufficiency.
"Today Prime Minister Albanese and I discussed key priority agendas in agriculture, and I invited Australia to develop joint ventures in the agricultural sector in both our countries,” Prabowo said.
He also encouraged Australian investment in the downstream processing of critical minerals, including nickel, copper, bauxite, and gold, while pledging to support Indonesian companies seeking to invest in Australia’s critical minerals sector.
Prabowo said Danantara was ready to explore co-investment opportunities and other partnership models with Australian counterparts across strategic sectors.
Economic ties between the two countries have expanded under the Indonesia-Australia Comprehensive Economic Partnership Agreement, with bilateral trade reaching about US$15.4 billion in 2024, according to official data from Indonesia’s Ministry of Trade.
The two leaders also signed a joint security treaty, which Prabowo said reflects a shared commitment to strengthening national security cooperation and contributing to peace and stability in the Indo-Pacific region.
He added that the agreement underscores Indonesia’s long-standing good-neighbor policy and its independent and active foreign policy amid evolving regional challenges.
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Translator: Maria Cicilia Galuh Prayudhia, Martha Herlinawati
Editor: Azis Kurmala
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