New Indonesian Co-Chair

Indonesia has appointed Mr Wisnu Wijaya Soedibjo, the Deputy Chairman for Investment
Cooperation, Indonesia Investment Coordinating Board (BKPM) as the new Co-chair.
Mr. Soedibjo stated that Indonesia has tremendous potential in the sector, especially at the
local level, and therefore the Partnership needs to encourage more innovation and
knowledge sharing to boost more investment.

“The Partnership will encourage young
entrepreneurs, including fresh graduates, to be entrepreneurs and create innovative
solutions in their respective regions by providing greater access to knowledge and building
strong network in the sector,” stated Mr Soedibjo.

Based on BKPM data, investment in the livestock sector is still relatively small. Livestock
investment is only about 0.32% of the total domestic investment in 2017. Meanwhile,
foreign investment in livestock sub-sector in 2016 is only 0.48% of the total foreign
investment.

Australian New Non-Government Members

Australia has appointed three big names in Australian beef sector to join the Partnership as
non-government members. They are the Australian Country Choice managing director,
David Foote; Consolidated Pastoral Company chief executive, Troy Setter; and Regional
Australia Institute general manager of strategy and partnerships, Liz Ritchie. They are
expected to bring diverse industry experience to the partnership. 
Australian Minister for Agriculture David Littleproud said the experience and knowledge of
the new members would boost the development of the red meat and cattle sectors in both
nations.

“I look forward to seeing David, Liz and Troy make their mark on this important
partnership,” Minister Littleproud said.“Their experience in cattle breeding and
management, as well as exports, processing, transport and logistics make them great
choices.”

“I would like to thank the outgoing members—Ken Warriner, Terry Nolan, Garry Stark, John
Ackerman and Jacqui Cannon—for their valuable contributions,” add Minister Littleproud.