Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA)
The Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) creates the framework for a new era of closer economic engagement between Australia and Indonesia and opens new markets and opportunities for businesses, primary producers, service providers and investors. IA-CEPA is a comprehensive agreement, building on existing multilateral and regional agreements including the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA). Australian and Indonesian Trade Ministers signed the Agreement in March 2019.
Key outcomes and benefits
- Building on AANZFTA, the IA-CEPA will provide better and more certain access to the Indonesian market for Australian exporters. Over 99% of Australian goods exports by value to Indonesia will enter duty free or under significantly improved preferential arrangements. Australia will immediately eliminate all remaining tariffs on Indonesian imports into Australia.
- IA-CEPA contains a set of high-quality, modern rules governing the treatment of services and investment, as well as modern rules on digital trade.
- As part of an overall skills package, Australia and Indonesia have agreed to a reciprocal Skills Exchange, allowing professionals from both countries to gain 6 months experience in the other's market.
- IA-CEPA includes a framework for trade and investment-related cooperation through a jointly-funded work program. The joint work program will support technical assistance and capacity building activities across a range of trade-related areas to strengthen commercial links and help stimulate two-way investment.
The Australian Trade and Investment Commission (Austrade) is the Australian Government agency that helps Australian companies win overseas business for their products and services by reducing the time, cost and risk involved in selecting, entering and developing international markets.
Doing business with Australia
The Australia Indonesia Business Council (AIBC) is non-profit business association involved with the promotion and facilitation of trade and investment between Australia and Indonesia.
The Australian Mining Chamber in Indonesia (Ausmincham) is the industry chamber for businesses with substantial Australian ties actively operating in the minerals and energy exploration and mining sector in Indonesia.
BICON: Australian Biosecurity Import Conditions search
BICON houses the Australian Government's biosecurity import conditions database for more than 20,000 plants, animals, minerals and biological products. It will help you to determine what import conditions exist and if an import permit is required. Please refer to the Department of Agriculture and Water Resources' Importing to Australia page for more information about BICON.