Australia, Indonesia Make Headway On Free Trade Deal
by Mary Swire, Tax-News.com, Hong Kong
28 February 2017
Trade ministers from Australia and Indonesia have said that strong progress was made during the sixth round of free trade negotiations last week.
In a joint statement, Australian Trade Minister Steven Ciobo and his Indonesian counterpart Enggartiasto Lukita said the two sides had "recommitted to a high-quality agreement that builds on our existing free trade agreement, the ASEAN-Australia New Zealand Free Trade Agreement."
"It will be based on the complementarity of our economies; and go beyond a traditional trade agreement by integrating a foundation of cooperation and partnership," the ministers added.
The ministers said that they were personally committed to "driving the negotiations to deliver a comprehensive deal this year."
Australian Prime Minister Malcolm Turnbull has confirmed that Indonesia has agreed to lower its tariff on Australian sugar to the ASEAN level of five percent. In return, Australia will eliminate tariffs on pesticides and herbicides imported from Indonesia.
To see today's news, click here.
Tax-News Reviews

A review and forecast of Cyprus's international business, legal and investment climate.

A review and forecast of Malta's international business, legal and investment climate.

A review and forecast of Jersey's international business, legal and investment climate.

A review of the latest budget news and government financial statements from around the world.
Stay Updated
Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.
By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.
To manage your mailing list preferences, please click here »
Network Blogs and Features
- Tax Reforms A-Go-Go »
- Equity Compensation in Startup - Guide »
- Governments Go Easy on Taxpayers... »
- Digital Doings... »
- UAE Onshore Trust Law: Broadening the scope of wealth preservation solutions in the region »
- FDI Sees Ireland Through Covid and Brexit, Solidifying its Reputation as a European Base for Multinational Corporations »
- Transfer Pricing Tidbits »
- Court Case Catch-Up »
- UK's Tax Agenda Topped Up »
- Trusts Act 2019: New Zealand Foreign - or 'Offshore' - Trust Changes »