Jakarta, (Antara Sumbar) - Australia and Indonesia will promptly proceed with the plan to implement tariff reductions on key commodities, opening the way to increased trade between the two countries, according to Australian Minister for Trade, Tourism and Investment, Steven Ciobo.
"Indonesia will reduce tariffs on the import of Australian raw sugar, and Australia will eliminate import duties on Indonesian herbicides and pesticides," Ciobo was quoted as saying by the Australian Embassy here on its official website on Wednesday (Sept 20).
These measures will boost Australia's sugar industry and Indonesia's chemical industry and provide flow-on economic benefits to both countries.
Indonesian pesticides and herbicides will be more competitive in the Australian market and offer greater choice to consumers. Indonesia's processed food and beverage industries will benefit from lower raw sugar prices in meeting the demands of national and regional markets.
Indonesian and Australia Trade Ministers, Enggartiasto Lukita and Steven Ciobo, stated that they were pleased to make the announcement jointly. "These tariff cuts reflect our shared ambition for the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA)", Ciobo noted.
Lukita added that "President Joko Widodo and Prime Minister Turnbull are determined to conclude IA-CEPA this year, and we are doing all we can to make that happen."
IA-CEPA will go beyond a traditional trade agreement and have strong foundations in cooperation and partnership. The IA-CEPA negotiations align closely with Widodo's competitiveness agenda and are already delivering outcomes to support Indonesian and Australian businesses.
The two countries are also undertaking a joint standards mapping exercise to help businesses in both countries meet technical standards. Other early outcomes, such as the Red Meat and Cattle Partnership, support Indonesia's cattle breeding programs and help create better certainty for Australian live cattle imports.
A series of short courses for Indonesian businesses and officials are helping to boost export capacity for Indonesia in processed food, herbal remedies, and creative industries. (*)
Editor: Vicha Faradika
Berita Terkait
Erick Thohir terpukau dengan penampilan Indonesia saat tekuk Australia
Jumat, 19 April 2024 5:03 Wib
Indonesia amankan kemenangan 1-0 atas Australia di Piala Asia U-23
Jumat, 19 April 2024 5:03 Wib
Jadwal Minggu: Laga persahabatan Inggris vs Brasil, Prancis vs Jerman
Minggu, 24 Maret 2024 5:04 Wib
Jokowi serukan solidaritas untuk Palestina pada KTT ASEAN-Australia
Rabu, 6 Maret 2024 16:04 Wib
Peselancar Australia ditemukan meninggal di Pantai Grajagan Banyuwangi
Selasa, 5 Maret 2024 12:11 Wib
Presiden tiba di Melbourne untuk KTT Khusus ASEAN-Australia
Senin, 4 Maret 2024 20:50 Wib
Menhan Prabowo terima kunjungan Wakil PM Australia
Jumat, 23 Februari 2024 18:25 Wib
Korea Selatan butuh perpanjangan waktu untuk kalahkan Australia 2-1
Sabtu, 3 Februari 2024 5:41 Wib