President Jokowi will have the treaty in hand when he arrives in Australia this weekend on a state visit.
Trade
There’s no doubt that, despite the dominance of security issues and geo-politics, historically, Indonesia and Australia are long standing economic partners.
The latest interaction spotlighted ongoing efforts by both countries to manage the defense aspect of their relationship.
Despite being the largest Muslim population, Indonesia manages to avoid any major confrontation and play safely between conflicting countries in the region.
Since the last standoff between China and Indonesia in 2016, Indonesia has been increasing its defence, but not to the extent that it has deterred China from causing problems.
The Indonesian government is set to implement a new import regulation that will lower the maximum value of tax-free imported goods at the end of this month.
Indonesia is often presented as one of Australia’s most important neighbours and strategic allies, with formal diplomatic relations between the two nations marking a 70-year milestone last month.
As both countries are set to capture the opportunities presented by the IA-CEPA, this AIC Backgrounder explores how young people can play a critical role in boosting trade growth.
The final conclusion of negotiations on the Regional Comprehensive Economic Partnership was a landmark achievement for ASEAN.
As disputes over palm oil and nickel head to World Trade Organization, residents affected by respiratory infections and other problems say they feel trapped.
“In addition to having a negative impact on exports of Indonesian palm oil to the EU, it will also create a bad image for oil palm products in global trade.”
“Together, we have agreed to deepen our cooperation in the areas of peace keeping, humanitarian assistance and disaster relief, and of course maritime security.”
Sultan of Yogyakarta Hamengkubuwono X spoke in Melbourne recently, identifying the creative economy as massively important for Yogya’s future.
Indonesian textiles and clothing exports is growing at a rate marginally faster than that of the country’s GDP, but the overall downward trend continues, a new market intelligence report suggests.
A recent panel discussion looked at IA-CEPA as a platform to reinvigorate Australia and Indonesia’s economic relationship
The free trade deal between Australia and Indonesia might not enjoy the smooth passage expected in the Indonesian parliament, after opposition this week raised concerns about trade imbalance.
