Turnbull lands in Jakarta for trade talks

Prime Minister Malcolm Turnbull has landed in Jakarta and is soon to meet his Indonesian counterpart where they are expected to continue talks on trade and security.

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Mr Turnbull will meet with President Joko Widodo for the second time in less than two weeks when he heads to the 20th anniversary of the Indian Ocean Rim Association (IORA) in the Indonesian capital on Tuesday.

President Widodo spruiked the waters as the “future” – with the region home to 2.7 billion people and a transport route for the majority of the world’s oil and half the world’s container ships.

During the IORA summit on Monday, and through a series of bilateral meetings with Indonesian ministers outside the forum, Foreign Minister Julie Bishop continued to talk up the two countries cooperation on countering terrorism, increasing trade and working towards increased maritime security.

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Mr Turnbull will continue to build on these talks on Tuesday.

He said he welcomed Indonesia’s proposal for an IORA Concord – that would include a commitment to international law and promoting regional economic growth.

Indonesia is keen to create a statement of governance in the region – hoping that by creating clear guidelines it will prevent the Indian Ocean from turning into disputed waters – like that seen in the South China Sea.

While in Jakarta, Mr Turnbull will also meet with Australian delegates to Indonesia Australia Business Week.

Trade Minister Steven Ciobo is also in town Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA), which both countries hope to have finalised by the end of next year.