- WA Premier signs Plan of Action to support
Memorandum of Understanding with Indonesian Chamber of Commerce and Industry
(KADIN)
- Agreement maximises opportunities in value-added
critical minerals and battery industries and secures supply chains through
collaborations
- Supports WA meeting economic development objectives
and emissions targets
Premier
Roger Cook has signed a Plan of Action with Indonesia's Chamber of Commerce and
Industry (KADIN) during the Republic of Indonesia President Joko Widodo's visit
to Australia.
The
agreement will further strengthen Western Australia's economic ties, trade, and
supply chain opportunities with Indonesia.
It
follows the signing of a Memorandum of Understanding between Western Australia
and KADIN in February to provide a framework that constructs and secures the
supply chains of critical minerals and promotes investment and collaboration to
develop value-adding critical minerals and battery industries.
The 2023-2025
Plan of Action has three pillars of cooperation which are to develop resilient
and sustainable supply chains, support strong environmental and social governance
outcomes and grow a skilled workforce.
Activities
to implement the plan will include high level meetings, business forums and the
commissioning of strategic analysis to map future opportunities for WA and
Indonesia to collaborate under the three pillars of cooperation.
With
the increasing demand for critical minerals and the large up-scaling of battery
supply chains required to address climate change, the agreement supports the
economic objectives of the two parties and helps them meet their respective industry
development and emissions reduction targets.
WA
is already a leading supplier of battery and critical minerals. The State
accounts for half of global lithium production and is a major exporter of
nickel, cobalt, manganese and rare earths, with critical minerals processing
and other value-adding industries rapidly emerging.
The
signing is part of several official events including an Indonesia-Australia CEO
Forum convened for President Widodo who is visiting Sydney with Indonesian
ministers and business leaders from July 3-5.
Comments attributed to Premier Roger Cook:
"I'm
pleased to meet with the Indonesian President and Ministers as part of a range
of official events in Sydney this week.
"It follows
an official mission I undertook to Jakarta last year to grow business and
government relationships as well as launch the new global tourism brand in
Indonesia.
"Western
Australia is already firmly established as a global leader in the supply of critical
minerals and rare earths, with lithium hydroxide and other critical minerals
processing quickly becoming established in our State.
"We're
committed to growing the State's participation in global battery and critical
mineral supply chains, with a view to further developing our value-adding and
manufacturing industries.
"Working
with Indonesia, an important trading partner and our closest neighbour to
explore partnerships, share information, knowledge and strategies and
facilitate business links will fuel our mutual economic growth and green ambitions."
