Indonesian Free Trade Agreements



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A Framework Agreement on Partnership and Comprehensive Cooperation was signed on 9 November 2009 and came into force on 1 May 2014. The agreement forms the basis of regular political dialogue and sectoral cooperation and takes bilateral relations to the next level. The agreement provides a legal framework for integration and cooperation in a wide range of policy areas, including human rights, political dialogue and trade. Indonesia is a member of the free trade agreement between ten ASEAN member states and China. The original framework was signed on November 4, 2002. Under the agreement, which came into force on 1 January 2010, China and the six ASEAN members, Indonesia, Malaysia, Brunei Darussalam, the Philippines, Singapore and Thailand, wanted to reduce import duties to more than 90% of the goods traded. The agreement was signed by ASEAN Member States and India on 13 August 2009 and came into force on 1 January 2010. India and Indonesia recorded a total trade value of $14.4 billion in 2015. In November 2008, Chile and Indonesia decided to establish a joint task force on the benefits of a bilateral free trade agreement.

The final report was finalized in November 2009. Indonesia has signed and implemented a number of free trade agreements with countries and regions around the world as an independent market and as a member state of the Association of Southeast Asian Nations (ASEAN). Among the agreements, Indonesia has now developed not only a free trade policy between ASEAN countries, but also cooperation with other countries such as: with all these years of work by Australia and Indonesia to create an exuberant environment for bilateral trade and investment, and given the proximity of our lands, Indonesia cannot get bogged down for too long, where Australians do business. Indonesia has been a member of the WTO since 1995 and enjoys trade preferences granted under the EU`s Generalised Preference System (GSP), which accounts for about 30% of total imports from Indonesia. In 2016/2017, Indonesia is Australia`s second largest recipient of development aid, with nearly $300 million. Australia has also forged closer defence relations with Indonesia since 2005, under the Lombok Treaty, and has worked more closely with Indonesia since the 2002 Bali bombings, which killed 88 Australians, and the fight against human trafficking. Australia is also bound by a series of regional forums and agreements with Indonesia. Both nations are members of the ASEAN G20 Regional Forum and the 2009 Free Trade Agreement between Australia and New Zealand and ASEAN. The agreement contains detailed provisions on trade facilitation (Annex VI). Indonesia is also negotiating the following trade agreements: for EFTA-Indonesia trade statistics, see EFTA`s trade statistics tool „In addition to the potential for trade development between our countries amidst the removal and removal of barriers to customs and non-tariff protection, all experts who join the JRG will examine in detail the current state of trade and economic relations between our countries and make their recommendations on a number of issues. We are awaiting an assessment of the current state of investment cooperation and proposals on how to deepen cooperation between the economic actors of our countries in the context of projects of common interest and within the framework of the broader mission of infrastructure creation and harmonization of rules in the future region of Eurasia, taking into account Indonesia`s role in ASEAN.

added Andrey Slepnev.



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