Australian exporters will shortly begin gaining the benefits of the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA), with Australia receiving official notice that Indonesia has finalised its domestic ratification processes.
Federal Trade Minister Simon Birmingham said the milestone trade deal with Indonesia would improve export opportunities and deliver substantial benefits for Australian farmers, businesses and investors.
“Securing a trade agreement with Indonesia has been a longstanding objective of our government, to further strengthen the strategic partnership between our nations and further expand the choices available for Australian exporters.”
“After discussions earlier this week with my Indonesian counterpart, Minister of Trade Agus Suparmanto, we welcome this step that will see the benefits of this trade agreement flow from 5 July this year,” Minister Birmingham said.
Indonesia will guarantee automatic issue of import permits for crucial goods for example live cattle, frozen beef, sheep meat, feed grains, rolled steel coil, citrus crops, carrots and potatoes
“IA-CEPA will provide new opportunities for our farmers and businesses, and further strengthen our export sector.”
IA-CEPA will officially come into force on Sunday 5 July 2020. This will mean that 99 per cent of Australian goods will arrive in Indonesia duty-free or under significantly upgraded preferential provisions.
Further information on the benefits for Australian exporters, read the Indonesia-Australia Comprehensive Economic Partnership Agreement.