POST Online Media Lite Edition


Australia and Indonesia sign delayed free trade agreement

Staff Writer |
Australia and Indonesia on Monday signed a free trade agreement (FTA) after months of delay.

Article continues below

The FTA will allow Indonesia to import 94 percent of Australia's merchandise either duty free or under significantly improved preferential terms, Japan's Kyodo news agency said in a report.

“Indonesia will be allowed to send all such goods to Australia duty free,” it added.

The move to further the trade relations between the two countries was announced last August and an agreement was expected to be signed by 2018 end.

However, Australian Prime Minister Scott Morrison said in October that he would consider moving Australia's embassy in Tel Aviv to Jerusalem, prompting opposition from Indonesia, the world’s most populous Muslim nation.

What to read next

Biodiesel: Indonesia files dispute against EU
Indonesia-Australia red meat and cattle sector to benefit from $12 million
Indonesia to sign free trade deal with EFTA countries in December