India and Australia agreed to consider reviving stalled negotiations on the proposed free trade agreement (FTA)
Indonesia at Melbourne
The economic importance of IA-CEPA remains to be seen, at least from Indonesia’s side. IA-CEPA would require many changes in Indonesian regulations at the ministerial and local levels, which has been very challenging in the past.
Indonesia is currently a major perpetrator of human rights abuses against its own minority groups, specifically their LGBTQI community, which makes this partnership questionable in view of Australia’s signature on the UN Human Rights Charter.
Bilateral trade deal sceptics have criticised the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) as more of a strategic public relations document than genuine economic reform.
The Jakarta Post
The IA-CEPA has been ratified by the legislatures of both countries and is thus strongly based on a national political consensus, allowing for immediate implementation..
British Foreign Secretary hopes Australia will be in the first wave of free trade deals his country can secure in the post-Brexit era.
Express & Star
Simon Birmingham, Australia’s minister for Trade, Tourism and Investment, said he wanted to see ‘eliminated tariffs, quotas, and trade barriers’.