AIBC National: IA-CEPA Announcement





Thursday 7 May 2020


Dear Members and Friends,

Today it was announced by Trade Minister Birmingham, that the long-awaited Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) has cleared its last hurdle, with Australia receiving formal notification that Indonesia has completed its domestic ratification processes.

Consequently, the Agreement will enter into force in just 60 day’s time, on Sunday 5 July, so if you have not already done so, now is the time to familiarise yourself with the Agreement and make preparations.

We are delighted that this Agreement is coming into force at this crucial time, as countries throughout the world are faced with unprecedented health and economic challenges.

Trade and Investment with our neighbours has been a crucial part of our economies for many generations, and this will not change in a post-COVID-19 world, even as we are all becoming increasingly accustomed to new ways of working.

Australia and Indonesia have never needed each other more, and working together we can help each other create a new and mutually rewarding future.

AIBC extends its congratulations to the great many in both countries who have contributed to this Agreement, over more than a decade, and is proud of the contribution that AIBC itself has made over this time, including two detailed submissions to both Governments, and ongoing support to the work of our negotiating teams.

We thank our Indonesia-Australia Business Partnership Group (IA-BPG) colleagues at IABC, ACCI, KADIN, Ai Group and APINDO for their support and friendship during the evolution of IA-CEPA, and the relationships forged here will play an important and ongoing role in the successful implementation of the Agreement.

We look forward to working alongside Austrade, and other organisations, to ensure that knowledge of this Agreement is spread widely, and business is equipped to take advantage of the many opportunities created.

No matter what sector you are in, please reach out to AIBC if you have any queries, as we embark on this exciting journey together. We are as some have reflected, at the “start of the beginning”.

Today’s announcement by Minister Birmingham can be seen here, and much further information on the Agreement and its many parts can be seen here.

AIBC’s Media Release on this Announcement can be seen here.

Best wishes.

Phil Turtle
National President