Indonesia, spying allegations and the live beef trade in context
In The Conversation there is an interesting article about the threats to Australian trade with Indonesia as a result of the current spying allegations.
The article does outline how Australia provides 20-30% of Indonesia’s beef consumption and this is around 40-65% of Australia’s live cattle export. While these figures are very significant figures for the cattle industry, the article goes on to mention that live cattle exports amount to only 0.2% of total Australian exports of goods and services.
Trade between Indonesia and Australia accounts for less than 3% of either country’s imports - in context, this makes the trade war threat rather small bikkies.
Arianto Patunru’s article is worth a read.
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