Australian Prime Minister Albanese said Australia must diversify its trade and economic benefits from China away to countries such as India and Indonesia.
With economic cooperation a main topic during his three-day visit to Indonesia, Albanese brought with him a high-profile delegation of CEOs from Australia’s biggest companies, including Commonwealth Bank, Telstra, Wesfarmers, and Fortescue.
“We’ll continue to work on trade diversification though, as it is important because at one stage the trade proportion for China was up above 45 percent,” Albanese said in a press conference on June 7.
“We need to make that we diversify the opportunities, which are there. Indonesia is obviously a very important element in that.”…