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Indonesian FTA Is Australia's 'Trade Priority'

by Mary Swire, Tax-news.com, Hong Kong

03 August 2017


Australian Trade Minister Steven Ciobo has said that Indonesia is his "number one trade priority," and that the Government is "putting a lot of focus on doing this deal."

Ciobo told Sky News that Australia and Indonesia "want a good quality deal – one that we can both announce." He described a free trade agreement as "a win-win outcome for both countries."

Negotiations towards an Indonesia-Australia Comprehensive Partnership Agreement (IA-CEPA) were originally launched in 2010, but only two rounds of talks were held between 2010 and 2013. In 2016, negotiations were "re-activated," and the most recent round (a sixth) was held in March 2017.

Ciobo said that both the Australian Prime Minister and the Indonesian President had at the recent G20 Summit in Hamburg "recommitted to concluding this by the end of the year."

When pressed as to how firm a deadline has been set, Ciobo repeatedly emphasized the two sides "want to get a good quality deal in place by Christmas this year."

TAGS: tax | free trade agreement (FTA) | export duty | trade treaty | Australia | agreements | Indonesia | import duty | G20 | trade

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