Indonesia, Australia Set Up Ties on Policy Information Exchange – En

Indonesia, Australia Set Up Ties on Policy Information Exchange

Australian Prime Minister Scott Morrison, left, talks to Indonesian President Joko Widodo, right, during a signing ceremony at the presidential palace in Bogor, West Java, Indonesia, Friday, Aug. 31, 2018. AP Photo/Achmad Ibrahim

TEMPO.CO, Jakarta – The Indonesian and Australian government have set up ties on the economic sector through the Indonesia-Australia partnership program for the economy dubbed PROSPERA. The agreement was signed by Finance Minister Sri Mulyani and Australian Treasurer Josh Frydenberg MP on Monday, November 5, in Canberra, Australia. 

Sri Mulyani lauded the Australian government for its commitment to the good bilateral partnership. “The Finance Ministry is helped a lot by the experience of Australia in managing fiscal and tax reforms,” said the minister in a written statement on Monday, November 5. 

Read: Indonesia, Australia Reach Agreement on IA-CEPA 

The scope of Prospera includes bilateral visits, conference/workshops, joint research, information exchange, internship/ employee exchange, and annual joint schedules. Both countries will facilitate information exchange on policy practice and share technical experience through the program.

The agreement updated the previous MoU inked in 2013, in which the Australian Treasurer and Indonesian Fiscal Policy Agency (BKF) established the Bilateral Economic Policy Dialogue or BEPD. 

Read: Australia Says Trade Agreement with Indonesia on Track 

Annually, the Treasury and BKF discussed and decided a joint priority of the partnership related to the policy for the upcoming year and held the session alternately.

International, regional, and bilateral issues were among the topics discussed during BPED, which completed the high-level policy dialogue established in 2006 by the Indonesian and Australian government as well as research institutions that focused on capacity development and technical ties.


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