SOCIALIZATION OF THE INDONESIA-AUSTRALIA TRADE AGREEMENT IACEPA
On March 4, 2019, Indonesia and Australia signed a bilateral trade agreement in the form of the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA CEPA). Through the agreement, the two countries give preference to trade tariffs, expansion of trade and investment facilities, vocational cooperation and human resource development, etc. And the scope of IA-CEPA in the field of trade in goods includes non-tariff aspects, various measures, provisions on the origin of goods, customs procedures and trade facilitation, technical barriers to trade, and sanitation and phytosanitary.
In the field of trade in services, including employment, financial services, telecommunications, professional services; investment, e-commerce, competitiveness policies, economic cooperation, and institutional provisions and frameworks. Currently, the IA-CEPA is in the process of ratification (ratification) in both countries and is targeted to be completed by the end of 2019. Australia is the 17th destination country for non-oil and gas exports and the 8th source country for non-oil and gas imports for Indonesia.
This collaboration will also be able to encourage trade and investment in various business fields that can help improve the quality and standards of goods and services, as well as the efficiency of the supply chain of the business world in general.
How can we access and take advantage of the various opportunities of the IA CEPA?
For this reason, the Ministry of Trade (Kemendag) through the Directorate General of International Trade Negotiations held a socialization of the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) with the theme Potential Utilization of the IA-CEPA in Surabaya, East Java, Monday, September 16, 2019 and friends of businessmen, especially those in Surabaya, have been invited to attend this socialization with well-known IA CEPA speakers. :
1. Mrs. Ni Made Ayu Marthini, Director of Bilateral Negotiations, Ministry of Trade of the Republic of Indonesia
2. Mrs. Shinta W. Kamdani, Deputy Chairperson of APINDO
3. Ms. Alison Duncan, Minister Counselor, Australian Embassy
4. Mrs. Utami Prasetiawati
This activity aims to provide an understanding of the benefits of negotiations, challenges, and business opportunities of the IA-CEPA agreement. In addition, to prepare business actors for the implementation of the agreement between the two countries.
This outreach activity was divided into two sessions. The first session began with a panel discussion with panelist Ni Made Ayu Marthini, Deputy Chair of Kadin and Deputy Chair of Apindo Shinta Kamdani, and Minister Counselor of the Australian Embassy Alison Duncan.
While the second session presented various success stories from several businessmen who do business with partners in Australia. The business actors are National Hospital CEO Hans Wijaya, Kalyana Indonesia owner Lina Kalyana, and PT DSI Indonesia Manager Hendra Purba.