With an estimated population approaching 250 million, a swelling consuming class of around 45 million people and exceeding one trillion dollars, Indonesia’s economic potential is significant. Indonesia, already the largest economy in Southeast Asia, is projected to be the world’s seventh largest economy by 2030. Over the past ten years, Indonesia’s GDP growth has averaged over 5.8 per cent a year, well above growth in the previous decade (Source: International Monetary Fund, World Economic Outlook Database, October 2016).
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Why ASEAN and why now?
Why ASEAN and why now? Insights for Australian Business. A joint Austrade-DFAT publication examining Australia’s trade relationship with the Association of Southeast Asian Nations (ASEAN), the opportunities and challenges for Australian business engaging with the region and the future of the Australia-ASEAN trade relationship.
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