"Today, I will meet Indonesian Minister for Trade Enggartiasto Lukita, as we work towards realizing a free trade agreement," Minister Ciobo noted in a press release received in Jakarta on Tuesday.
The outcome of the Economic Partnership Agreement has resulted in the reactivation of the IA-BPG, which serves as a platform to bring together businesses from both countries.
Recommendations from the group, which comprise Indonesian and Australian Chambers of Commerce, Apindo, Ai Group, Indonesia-Australia and Australia-Indonesia Business Councils, will help offer future momentum and encourage negotiations for establishing the agreement, the minister affirmed.
The report received today, which is a follow up to the original report released in 2012, provides detailed information on opportunities to further strengthen relations between Indonesia and Australia in terms of trade and investment.
"The group, representing Indonesian and Australian businesses working together, has delivered a shared view of the potential significant commercial, trade, and economic benefits that the agreement can deliver, and it reflects the spirit of the Partnership Agreements negotiations," the minister remarked.
The report received today contains recommendations of partnership initiatives to develop several areas in Indonesia, including red meat and cattle, financial services cooperation, and collaboration in fashion, jewelry, and other creative industries.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2016
