Jakarta. Indonesia has identified three priority sectors to strengthen economic cooperation with Australia, focusing on downstream industry development, renewable energy, and healthcare, Investment and Downstream Industry Minister Rosan Roeslani said on Thursday.

Rosan highlighted downstream processing as the first priority, including the development of electric vehicle battery ecosystems and solar panel production. The second priority is renewable energy, where Indonesia holds an estimated 3,700 gigawatt in potential from solar, wind, hydro, bioenergy, and geothermal sources.

The third focus is the healthcare sector. Indonesia’s healthcare spending is projected to reach $138 billion by 2040, supported by the establishment of Health Special Economic Zones in Bali and Batam.

“We want the entire investment ecosystem to advance, from mining practices to clean energy and healthcare. Indonesia is moving toward higher global standards, with legal certainty and ease of doing business as the foundation,” Rosan said in an official statement.

Rosan added that Indonesia–Australia economic relations continue to deepen. Australian investment into Indonesia reached $2.8 billion over the past five years, driven mainly by mining, hospitality, and healthcare. Bilateral trade climbed to $15.4 billion in 2024, up 23.5 percent from the previous year.

“Through the IA-CEPA (Indonesia-Australia Comprehensive Economic Partnership Agreement), we are not just opening doors for investment but building sustainable collaboration. Indonesia is ready to transform into a regional hub for green and value-added investments,” he said.

Rosan also pointed to the government’s new regulation, Government Regulation No. 28/2025, which allows business permits to be automatically issued if they surpass the Service Level Agreement verification timeline. He said the Online Single Submission system has so far issued 134 business permits through this automatic approval mechanism, helping accelerate investment processes.