Indonesia Strengthens Economic Ties with Australia Through High-Level Visits

Diplomatic Engagement and Economic Discussions

President Prabowo Subianto concluded his state visit to Australia on November 12, 2025, marking a significant moment in Indonesia-Australia bilateral relations ¹

. During his visit, Prabowo met with former Australian Prime Minister Paul Keating for a substantive discussion on global economic issues, geopolitical developments, and bilateral cooperation ²

Source 2

https://finance.detik.com/berita-ekonomi-bisnis/d-8207243/prabowo-kopi-darat-bareng-eks-pm-australia-bahas-ekonomi-global

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Trade Relations and CEPA Implementation

Despite having the Comprehensive Economic Partnership Agreement (CEPA) since 2020, Indonesia's trade balance with Australia remains in deficit by approximately $9 million, with total bilateral trade valued at around $15 million ³

. To address this imbalance, Indonesian Investment Minister/KBKPM Chair Rosan Roeslani emphasized efforts to boost Indonesian exports to Australia under the CEPA framework.

Strategic Economic Cooperation

The visit highlighted the mutual interest in strengthening economic ties between the two nations. President Prabowo stressed that enhanced cooperation would yield significant benefits for both countries and the broader region. Discussions during the visit covered various sectors, including trade and investment opportunities that could be further leveraged under existing agreements.