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Indonesia-Australia Comprehensive Economic Partnership Agreement


IA-CEPA creates a framework for Australia and Indonesia to unlock the vast potential of the bilateral economic partnership, fostering economic cooperation between businesses, communities and individuals.

Indonesia is a growing market for Australian goods and services exporters. In 2021-22, total two-way trade in goods and services with Indonesia was worth A$18.35 billion, making Indonesia our 14th largest trading partner. IA-CEPA provides Australian and Indonesian businesses an opportunity to expand and diversify this economic partnership.

As one of the fastest growing economies in the Indo-Pacific, Indonesia presents a significant opportunity for Australian businesses. By some estimates, Indonesia will be the world's fifth-largest economy by 2030, and IA-CEPA ensures that Australia is well-placed to deepen economic cooperation and share in Indonesia's growth. As strategic partners and the two largest economies in Southeast Asia, the agreement also complements and supports our shared interest in fostering a secure and prosperous region.

Australia's arrangements with Indonesia under the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA) remain unchanged. While IA-CEPA builds on outcomes in AANZFTA, the two agreements will co-exist after IA-CEPA enters into force. Businesses will continue to be able to use AANZFTA.

Making the most of IA-CEPA

Additional information, including guidance on how to take advantage of the agreement, is available at Using IA-CEPA to do business with Indonesia and the Blueprint for Trade and Investment with Indonesia. DFAT's FTA Portal also provides information on goods and services trade under IA-CEPA.

The Skills Development Exchange Pilot is an outcome of IA-CEPA and gives businesses from Australia and Indonesia the opportunity to send employees to undertake workplace placements for up to twelve months in the other country. The Pilot aims to provide an opportunity for participants to develop their own workplace skills while strengthening cooperation and understanding between Australia and Indonesia. 

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