Indonesia keen on streamlined trade with Australia

Indonesia's Finance Minister, Muhamad Chatib Basri, has given two public lectures at ANU ahead of the Sydney meeting of G20 finance ministers and central bankers.

Dr Basri is one of four Indonesian Government Ministers to have worked or studied at ANU.

He used his public lectures to flag better trade ties between Indonesia and Australia, despite ongoing diplomatic tensions over asylum seekers and claims Australian agencies have spied on Indonesia's leaders.

Dr Basri shared his views at the East Asia Forum's quarterly public forum at ANU as part of a discussion on Indonesia's future as the nation faces challenges with infrastructure, transport and electricity generation as its economy grows.

He suggested the two countries work on a streamlined approach to quarantine to help increase bilateral trade.

"A country like Indonesia, we have a huge domestic market. It is impossible for us to entirely do things with self-sufficiency," he said.

Dr Basri said many Indonesian products exported to Australia are rejected due to Australia's high standards, leaving exporters with transport costs and goods that don't make it past the borders.

"[But] if you have these corporations, Australian quarantine and customs in Indonesia, you can do the shipment inspections at customs, then you don't need to be inspected again in Australia," he said.

"So what I'm trying to say is ... we have to come up with a better pragmatic approach regarding this. If you're talking about this co-operation not only in this trade convention between Indonesia and Australia, we need to be supported by trade participation as well."