IA-CEPA Business Connect Launch



Simon Birmingham:

Australia and Indonesia concluded a landmark trade agreement this year that will be a major boost to both countries, encouraging greater trade and investment.

Even in normal times, the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) would have been momentous.

But these are far from normal times.

COVID-19 has created global health and economic crises that make IA-CEPA an even more important tool for economic recovery.

IA-CEPA will create jobs and opportunities in agriculture, advanced manufacturing, education and training and services such as mining, health and aged care, telecommunications, engineering and construction.

To ensure IA-CEPA delivers maximum benefit, business leaders and investors need to have the opportunity to explore what’s on offer.

That’s why I am delighted to be launching today ‘IA-CEPA Business Connect’, a three-month digital program of market and sector focused webinars led by the Australian Trade and Investment Commission.

While the global pandemic has restricted international travel and taken many face-to-face business meetings off the table for the time being, this program will foster an exchange of ideas and knowledge.

Webinars will cover opportunities in agribusiness and food, international education, services and investment, but also the practicalities of operating in Australia and Indonesia.

Headline moments in the program include:

  • The launch of an Indonesia Market Entry Guide for Australian F&B Exporters by the Australian Food and Grocery Council;
  • Webinars unpacking the technicalities of market access for horticulture, meat & livestock and grains producers;
  • A “Big Ideas” Agtech seminar hosted by the CSIRO;
  • Online education training and skills events,
  • And workshops on establishing a business in Indonesia and using social media and e-commerce to reach Indonesian customers.

We are already reaping the benefits of IA-CEPA.

Under the agreement, 99% of Australian goods exports by value to Indonesia will enter duty free or under significantly improved preferential arrangements.

For instance, in the first year alone, Australian farmers will be able to send 500,000 tonnes of feed grain, tax-free, to Indonesia to support their growing livestock sector. That in turn supports jobs in Indonesia’s food processing sector and greater food security.

Australian education and training providers are actively partnering with Indonesian business to provide quality skills training to add value to its dynamic and growing economy.

The agreement is also a valuable platform to expand trade in services and investment through improved outcomes in areas including work training, mining services, telecommunication and tourism.

I am confident that IA-CEPA Business Connect will give Australian and Indonesian business leaders and investors, practical insights into opportunities and provide a forum for genuine relationship-building.

IA-CEPA is about governments removing barriers and creating opportunities in challenging times to build and strengthen future partnerships.

Despite the ongoing impact of the COVID-19 pandemic, we’re getting on with the job - together. I commend the IA CEPA Business Connect program to you and encourage you to visit www.austrade.gov.au/iacbc to find out even more about IA-CEPA Business Connect and the range of activities and events on offer over the coming months.

Thank you and happy trading.