Australia launches the Blueprint for Trade and Investment with Indonesia
To assist Australian companies take advantage of the Agreement and deepen their engagement with Indonesia, the Australian Government produced the “Blueprint for Trade and Investment with Indonesia”, launched in September 2021.
The Blueprint provides practical and strategic guidance for Australian businesses considering market opportunities in the Indonesian economy for the first time. It also helps Australian business take advantage of complementarities between the two economies.
Sectors highlighted in the Blueprint include health and aged care, agriculture and food, education and training and resources and energy services. The Blueprint also highlights opportunities for Australian companies to establish partnerships in Indonesia, including in Indonesia's dynamic services sector, and to diversify their markets and supply chains.
Australia and Indonesia agree to terminate bilateral investment treaty
Australia and Indonesia have signed an Exchange of Letters agreeing to terminate the Agreement between the Government of Australia and the Government of the Republic of Indonesia concerning the Promotion and Protection of Investment, done at Jakarta on 17 November 1992 (along with its 15 year survival clause contained in Article XV). The Exchange of Letters was tabled in Parliament on 14 May 2020 and entered into force on 6 August 2020, following support from the Joint Standing Committee on Treaties (JSCOT). The JSCOT Report can be found on the JSCOT website. Protections for Australian investors in Indonesia and Indonesian investors in Australia are available under IA-CEPA, which entered into force on 5 July 2020.
Government response to the Joint Standing Committee on Treaties' report on the Indonesia-Australia Comprehensive Economic Partnership Agreement
On 19 February 2020, the Australian Government response to the report was published. The Government accepted the recommendation that binding treaty acting in the case of the Indonesia-Australia Comprehensive Economic Partnership Agreement.
Joint Standing Committee on Treaties' report on the Indonesia-Australia Comprehensive Economic Partnership Agreement
On 9 October 2019, the Joint Standing Committee on Treaties' report on the Indonesia-Australia Comprehensive Economic Partnership Agreement, as well as the Australia-Hong Kong Free Trade Agreement and the associated Investment Agreement, was tabled in Parliament. The Committee recommended binding treaty acting in the case of the Indonesia-Australia Comprehensive Economic Partnership Agreement.
Statement to the Joint Standing Committee on Treaties' Inquiry into IA-CEPA
On 9 September 2019, H.E. Mr Gary Quinlan AO, Australia's Ambassador to Indonesia, and Ms Elizabeth Ward, Chief Negotiator, Regional Trade Agreements Division and representatives of other Australian Government agencies appeared before the Joint Standing Committee on Treaties.