AIBC News - Issue 149, June 2016
First, the good news. Invited by both governments to contribute to the Indonesia Australia Comprehensive Economic Partnership Agreement -IA CEPA- the bilateral Business Partnership Group has begun its work in real earnest. After a hiatus of three years, discussions restarted in Perth. The CEPA is far-reaching in scope, beyond the boundaries of the traditional Free Trade Agreement. It is a unique opportunity for two very different neighbours bound by close proximity to produce an agreement worthy of emulation around the world. The cultural and economic differences are a challenge for both the negotiating teams. All the more reason to craft a very special agreement that will take advantage of the complementary nature of the two countries. The problems of one neighbour are opportunities for the other. The needs of both sides can act as catalysts for sectoral growth, job creation and new wealth.
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