The Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) entered into force on 5 July 2020.
IA-CEPA creates a framework for Australia and Indonesia to unlock the potential of the bilateral economic partnership. This fosters economic cooperation between businesses, communities and individuals.
Australia and Indonesia are committed to deepening our economic, trade and investment relationship. Indonesia is the largest economy in Southeast Asia and 16th largest economy in the world. By some estimates, Indonesia will be the world's fifth-largest economy by 2030. Indonesia presents a significant opportunity for Australian businesses.
Under IA-CEPA, 99% of Australian goods (by value) will enter Indonesia duty-free or under significantly improved preferential arrangements. IA-CEPA will also support stronger value-chains between Australian and Indonesian business. This ensures Australia is well-placed to deepen economic cooperation and share in Indonesia's growth. It also provides a major boost across a range of services sectors. This includes education and training, tourism, financial, mining and energy, as well as providing new mechanisms to address non-tariff barriers.
There is considerable opportunity for Australia to expand its trade, investment and economic cooperation relationship with Indonesia.
Resources, as well as agricultural products are among Australia's key merchandise exports to Indonesia, being one of Australia’s largest markets for coal, crude petroleum, wheat, and live animals.
To learn more about visas, tax requirements, priority business and product sectors visit Doing business in Indonesia.
Please visit the IA-CEPA page on the DFAT website for comprehensive information.