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Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) Update

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As my Minister, Dr Emerson, noted earlier this morning, Indonesia is one of Australia s most important bilateral relationships on almost all fronts. – PowerPoint PPT presentation

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Title: Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) Update


1
Indonesia-Australia Comprehensive Economic
Partnership Agreement (IA-CEPA) Update
  • Michael Mugliston
  • Special Negotiator
  • Free Trade Agreement Division
  • 7 March 2011

2
Australia Indonesia
  • The regions two largest economies
  • One of Australias most important bilateral
    relationships on almost all fronts
  • Scope exists for improving trade and investment
    relationship

3
ASEAN our Second Largest Trading Partner But
what about Australia - Indonesia?
Australias Trade with ASEAN (billion)
Australias Major Trading Partners ( 2009-10)
8.6 per cent annualised growth
Source ABS, Treasury analysis
4
Two-way Goods and Services Trade (billion)
Source ABS
5
Australias Investment in Indonesia
Australias total investment in Indonesia (
billion)
Australian investment in ASEAN by Country (2009)
16 per cent annualised growth in total investment
Source ABS
6
Indonesias Investment in Australia
Indonesias total investment in Australia (
billion)
Investment in Australia by ASEAN Countries (2009)
12 per cent annualised decline since 2005
Source ABS
7
Indonesia-Australia Comprehensive Economic
Partnership Agreement (IA-CEPA) Negotiations
  • Launched by Leaders, Nov 2010
  • covering trade, investment and economic
    cooperation issues
  •  Negotiations will take into account
  • the ASEAN-Australia-New Zealand FTA (AANZFTA)
    and
  • Australia-Indonesia FTA Joint Feasibility study,
    April 2009.

8
Key AANZFTA Outcomes
  • AANZFTA expected to enter into force for
    Indonesia in the near future
  • Extensive tariff reduction and elimination
    commitments
  •  Indonesia to eliminate duties on 93.2 per cent
    of tariff lines by 2025
  • covering 93.4 per cent of Australias exports
  •  Australia to eliminate duties on 100 per cent of
    tariff lines by 2020

9
Key AANZFTA Outcomes (contd)
  • Enhanced certainty through WTO-plus services
    commitments
  • Legal protections for investment
  • Commitments in intellectual property and
    competition policy
  • Regionally focussed economic cooperation to
    assist ASEAN countries implement the Agreement

10
Next Steps IA-CEPA
  •  DFAT call for industry submissions
  • Welcome inputs on trade, investment and economic
    cooperation interests 
  • Joint Feasibility study highlights some key
    AANZFTA-plus interests for both sides.
  • Pre-negotiation consultations
  • Further Engagement G2G, G2B, B2B.

11
Conclusion
  • AANZFTA paves the way for deeper economic
    integration with ASEAN
  • IA-CEPA represents a further step towards
    realising a higher-level and mutually beneficial
    economic partnership between Australia and
    Indonesia
  • Follow progress at http//www.dfat.gov.au/fta/iace
    pa/index.html
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