• Hannah Phillips

Ministerial Trade Talks In Indonesia

Minister for Trade Tourism and Investment Steve Ciobo meet with Indonesian Trade Minister Enggartiasto Lukita in Jakarta on Wednesday as negotiations on the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) near conclusion.

He said “as one of the fastest growing economies in the world Indonesia presents significant opportunities for Australia as demand grows for our services, goods and produce”.

Indonesia has a rapidly growing consumer base and is projected to be the world’s fourth largest economy by 2050.

Indonesia is currently Australia’s 13th largest trading partner, with two-way trade worth $15.4 billion in 2016. There is substantial scope to grow our trade and investment relationship through IA-CEPA.

The Minister said he he will be working with Minister Lukita “as we work to conclude negotiations by the end of the year”.

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