Indonesia ratifies comprehensive economic partnership agreement with Australia

The Indonesian House of Representatives on Feburary 6 ratified the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA).

Nguyễn Linh ChiThursday, February 06, 2020 22:03

Jakarta (VNA) – The Indonesian House of Representatives on Feburary6 ratified the Indonesia-Australia Comprehensive Economic Partnership Agreement(IA-CEPA).

Indonesian Trade Minister Agus Suparmanto expressed his hope that the deal willhelp Indonesia increase its competitiveness capacity in human resources,industry and service, while boosting access to Australia's goods and service market.

The IA-CEPA could bring significant tariff cuts on commodity exports betweenthe two countries and offer various investment privileges, as Indonesia strivesto boost exports and attract foreign investment to help spur its sluggisheconomic growth.

In 2018, Indonesia was Indonesia’s ninth largest trade partner with total tradeturnover reaching 8.53 billion USD, of which Indonesia’s exports were 2.8billion USD./.

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#Indonesia #Australia #Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA)

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