Sunday 19 Aug 2018 | 09:52 | SYDNEY
Sunday 19 Aug 2018 | 09:52 | SYDNEY

Australia-Indonesia: Underdone

By

Fergus Hanson

@fergushanson

26 March 2010 09:29

During the recent visit of the Indonesian President to Australia there was much official rhetoric about the strong links between the two countries, though I noted at the time that Australia's investment in Indonesia accounted for just 0.38% of Australia's total stock of investment abroad. This was optimistically framed by DFAT as Indonesia representing Australia's '18th largest investment destination'.

Figures were just released putting the economic relationship into further context — Australia's investment in Indonesia represents just 0.7% of total FDI in Indonesia. That excludes some types of investment, but you get the picture.