JAKARTA, Aug. 7 (Xinhua) -- Indonesia and Australia have agreed to introduce reciprocal work and holiday visa arrangements, according to local media Thursday.

    The agreement has been reached on the content of a Memorandum of Understanding (MoU) with Indonesia, Antara news agency on Thursday quoted Australian Minister for Immigration and Citizenship Senator Chris Evans as saying.

    The initiative was announced by Senator Evans and Indonesian Minister for Law and Human Rights Andi Mattalatta, during a press conference in Jakarta Wednesday.

    The Ministers hoped to sign the MOU when they meet again later this year.

    Once the MOU has been signed and comes into effect, university-educated Australian and Indonesian travelers who are aged between 18 and 30 would be able to work and holiday in the other country for up to 12 months.

    "The work and holiday visa arrangement will allow young people from our two countries who want to travel and experience a different lifestyle and culture to work and subsidize their holiday," Senator Evans said.

    Indonesia agreed to reach a reciprocal work and holiday visa arrangement with Australia, joining a number of other countries including the United States, Bangladesh, Chile, Turkey and Thailand.

    There will be an annual limit of 100 work and holiday visas for both countries but this figure will be reviewed each year.