Source: Foundation for Economic Education
by Jake Scott
“In February 2026, Indonesia and Australia signed the Treaty on Common Security (‘the Jakarta Treaty’), a commitment to developing joint training facilities in Indonesia, increased cooperation and information sharing, and consulting on security matters at ministerial level between the two countries. But in the last two months, this already important agreement gained greater significance, as it has expanded to include Papua New Guinea (PNG) and Japan. It seems that a new security paradigm and new trade partnerships are emerging in the Pacific.” (04/22/26)