The Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) entered into force on 5 July 2020.
IA-CEPA creates a framework for Australia and Indonesia to unlock the potential of the bilateral economic partnership. This fosters economic cooperation between businesses, communities and individuals.
Australia and Indonesia are committed to deepening our economic, trade and investment relationship. Indonesia is the largest economy in Southeast Asia and 16th largest economy in the world.
By some estimates, Indonesia will be the world's fifth-largest economy by 2030. Indonesia presents a significant opportunity for Australian businesses.
Under IA-CEPA, 99% of Australian goods (by value) will enter Indonesia duty-free or under significantly improved preferential arrangements. IA-CEPA will also support stronger value-chains between Australian and Indonesian business.
This ensures Australia is well-placed to deepen economic cooperation and share in Indonesia's growth. It also provides a major boost across a range of services sectors. These sectors include education and training, tourism, financial, mining and energy.
The agreement will provide new mechanisms to address non-tariff barriers.
There is considerable opportunity for Australia to expand its trade, investment and economic cooperation relationship with Indonesia.
Resources and agricultural products are among Australia's key merchandise exports to Indonesia. Indonesia is one of Australia’s largest markets for coal, crude petroleum, wheat, and live animals.
Learn more about visas, tax requirements, priority business and product sectors, at Doing business in Indonesia.
For detailed information about the agreement, visit IA-CEPA on the Department of Foreign Affairs and Trade (DFAT) website.
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