Trade Minister Craig Emerson has welcomed the decision by Australia and
Indonesia to commence negotiations on a Comprehensive Economic Partnership
The announcement was made by Prime Minister Julia Gillard and Indonesian
President Susilo Bambang Yudhoyono in Jakarta yesterday.
Dr Emerson said an agreement would help build on the economic, trade and
investment links between Australia and Indonesia.
“The decision to commence negotiations sends an important message about the
strength of the economic relationship between our two countries,” he said.
“Once finalised, this agreement would help unlock the untapped commercial
potential between the two largest economies in the region.”
During a visit by President Yudhoyono to Canberra in March, Indonesia and
Australia committed to a shared goal of increasing bilateral trade and
It followed the completion of the Australia-Indonesia Free Trade Agreement
Joint Feasibility Study.
Dr Emerson said the Comprehensive Economic Partnership Agreement would go
beyond an FTA by facilitating greater investment and economic cooperation
between the two countries.
“The Australia-Indonesia Comprehensive Economic Partnership will also build
on the broader Australia-Indonesia relationship, which is stronger than it
has ever been,” he said.
It would also provide important opportunities for Australian exporters.
“Negotiating and concluding a comprehensive agreement encompassing trade,
investment and economic cooperation will create dynamic opportunities for
Australian exporters and investors in Indonesia,” Dr Emerson said.
Dr Emerson acknowledged the efforts of the Indonesian Trade Minister Mari
Pangestu for her support in reaching this historic announcement, as well as
the former Trade Minister Simon Crean.
In 2009, Australia’s two-way trade with Indonesia was valued at $11.3
billion, making Indonesia our 12th largest trading partner and our 10th
largest export market.
- Minister's Office: (02) 6277 4330
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