Indonesian President Joko Widodo and Australian Prime Minister Scott Morrison are set to sign a free trade agreement that will improve the nearly $18 billion bilateral trade.
Besides the trading benefits of this agreement, both countries have gone to further steps by easing the travel between the countries and opening the first Indonesian university campus at Monash University in Australia.
By revealing the detailed plans that will help to facilitate the travel between the two countries, Prime Minister Morrison asserted that they will work to find ways to change the current procedures with easier and simpler ones.
“We are pleased that our home affairs minister here in Australia will be engaging with his Indonesian counterpart to proceed to look at how we can simplify and streamline the issues of entry into Australia,” he pointed out.
The idea to set-up Indonesia’s first foreign campus to Monash University was described by Morrison as well as “a very good example of how this is a two-way street.”
In order to improve the country’s higher education performance, the Indonesian government had finalized regulations that made this deal possible to be achieved, VisaGuide.World reports.
At the same time, Indonesian President Widodo as well finds the agreement as an important thing, hoping that Australia will become their important partner, in infrastructure, as well as in education.
“Indonesia hopes Australia can become an important partner in infrastructure investment, as well as education,” Widodo said.
Although the benefits from this agreement, for both countries, they come with challenges that have to be dealt with like terrorism, foreign fighters and influence are considered, as the main issues that need to be tackled.
“We have also discussed today the many challenges around counterterrorism, foreign terror fighters and counter foreign influence,” Prime Minister Morrison claimed.
The agreement between Indonesia and Australia will benefit farmers and businesses, good exports from Australia will be able to enter Indonesia duty-free, while the agreement will also provide better access for Australian business, including agriculture manufacturing, vocational and higher education services, and investment.
By now Indonesia and Australia already enjoy two-way trade worth $17.8 billion, as of 2018.