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./.
Indonesia, Australia foster stability in Indian Ocean – Pacific
Indonesian and Australian senior officials have agreed to promote stability in the Indian Ocean and the Pacific during their bilateral meeting on the sideline of the ASEAN-Australia Special Summit in Sydney from March 17-18.