New export opportunities for country Australian farmers and businesses will begin to flow following the kick-off of Australia’s free trade deal with Indonesia.
Federal Member for Calare and Minister Assisting the Minister for Trade and Investment Andrew Gee, said the Indonesia-Australia Comprehensive Economic Partnership (IA-CEPA) opens new doors for exporters in the Calare community, with 99% of goods exports to enter Indonesia duty free or under significantly improved arrangements. “This is a big win for our country exporters who have been doing it tough due to the devastating impacts of the drought, bushfires and COVID-19 pandemic,” Mr Gee said.
“In these challenging times, the ability for our primary producers and businesses to get their products to overseas markets is crucial to the economic stability of our region. Indonesia is our thirtieth largest export market and is expected to grow to be the world’s fifth largest economy by 2030 – so there is huge potential for the relationship to grow.”
“The IA-CEPA will provide big ticket items for our local exporters, including preferential access into the Indonesian market for our cattle farmers, citrus producers and feed grain industry.”
“This is great news for local red-meat exporters like James Brazier, who manages and runs Pipers Flat at Euchareena and Tim Sullivan, from Endeavour Meats, who stand to be some of the biggest beneficiaries of the IA-CEPA. Cattle exports will now enter Indonesia duty free, while frozen beef and sheep meat exports will enjoy a fifty% tariff decrease,” said Mr Gee.
Tim Sullivan, Sales Director at Endeavour Meats said the IA-CEPA will be a significant boost for farmers and exporters in the region. “Primary producers and agricultural exporters have seen huge gains as a direct result of the free trade agreements the Government has concluded with Japan, Korea and China,” Mr Sullivan said.
More information visit: https://www.dfat.gov.au/trade/agreements/in-force/iacepa/Pages/using-ia-cepa-do-business-indonesia