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Shortly after Indonesia's ratification of the agreement, Australia's Monash University revealed plans to open a campus in Indonesia, becoming the first foreign university to do so in Indonesia. [20] Indonesian economic observers remarked that the free trade agreement may lead to increased imports of agricultural products, primarily Australian ...
Australia and Indonesia have established diplomatic relations since 27 December 1949, [1] when Australia recognised Indonesia's independence. [2] [3] Historically, contact between Australians and Indonesians began as early as the 16th century prior to the arrival of the Europeans, through Makassan interactions with indigenous Australians on Australia's western and northern coasts.
In January 2012, Australia and Indonesia organized a free trade zone within their territory as a result of an agreement among ASEAN, Australia, and New Zealand. [4] In May 2012, a report to the Commonwealth Government of Australia highlighted the potential for cooperation between Australia, Timor-Leste, and Indonesia.
Map showing the location of the Timor Sea (and of Ashmore and Cartier Islands) in the eastern Indian Ocean. The MOU Box, or sometimes the MOU 74 Box, refers to a rectangular tract of marine waters in the Timor Sea, lying within Australia's Exclusive Economic Zone, that is subject to a 1974 memorandum of understanding (MoU), and subsequent agreements, between Australia and Indonesia related to ...
This is a list of the largest two-way trading partners of Australia, based on data released by the Australian Department of Foreign Affairs and Trade for the 2022 calendar year. [ 1 ] The largest trading partners
Australia was a founding member of the General Agreement on Tariffs and Trade (GATT) in 1947, which aimed to promote international trade by reducing tariffs and other trade barriers. The focus during this period was primarily on multilateral trade negotiations rather than bilateral agreements.
Australia, a close neighbour of both Indonesia and East Timor, was the only country to recognise Indonesia's annexation of East Timor. [1] Some members of the Australian public supported self-determination for East Timor, [ 2 ] and also actively supported the independence movement within Australia. [ 2 ]
Indonesia is the largest recipient of Australian aid, and Australia is the fourth-largest donor of foreign aid to Indonesia. Australian development aid to Indonesia traces back to 1953 with Indonesia's participation in the Colombo Plan, in addition to projects such as the Aeronautical Fixed Telecommunication Network, a project intended to address deficiencies in Indonesia's civil aviation system.