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IA-CEPA contains clauses on bilateral free trade, investments, skills training visas, investor arbitration, e-commerce, and intellectual property protection. [1] Indonesia, under the agreement, will remove tariffs from nearly all Australian products exported to Indonesia while all Indonesian products exported to Australia will be free of tariffs. [2]
Indonesia has bilateral agreements with the following countries and blocs: [1] Australia (Indonesia–Australia Comprehensive Economic Partnership Agreement) Chile (Indonesia–Chile Comprehensive Economic Partnership Agreement) EFTA (Indonesia–EFTA Comprehensive Economic Partnership Agreement) Iran (Indonesia–Iran Preferential Trade Agreement)
EFTA: Indonesia–EFTA Comprehensive Economic Partnership Agreement: IECEPA 31 January 2011 16 December 2018 1 November 2021 Iran: Indonesia–Iran Preferential Trade Agreement: IIPTA 23 November 2023 Japan: Indonesia–Japan Economic Partnership Agreement: IJEPA 20 August 2007 20 August 2007 1 July 2008
The EFTA Surveillance Authority performs a role for EFTA members that is equivalent to that of the European Commission for the EU, as "guardian of the treaties" and the EFTA Court performs the European Court of Justice-equivalent role. The original plan for the EEA lacked the EFTA Court: the European Court of Justice was to exercise those roles.
Australia and Indonesia have established diplomatic relations since 27 December 1949, [1] when Australia recognised Indonesia's independence. [2] [3] Historically, contact between Australians and Indonesians began as early as the 16th century prior to the arrival of the Europeans, through Makassan interactions with indigenous Australians on Australia's western and northern coasts.
[2] [7] The South Korean National Assembly ratified the agreement on 29 June 2021, [4] while Indonesia's People's Representative Council ratified the agreement on 30 August 2022, together with the Regional Comprehensive Economic Partnership. [1] It was officially implemented on 1 January 2023, coinciding with the 50th year of bilateral ...
Indonesia: Free Trade Agreement: Negotiations launched in 2016 [77] Niue Economic Partnership Agreements as part of the Pacific States Interim Partnership Agreement Informed the EU of its intention to accede to the EPA. [81] Philippines: Free Trade Agreement: Negotiations launched in 2015 [77] Timor-Leste
Chile was the first country in Latin America to have a bilateral trade agreement with Indonesia. [ 10 ] In addition to the free trade agreement, both countries had agreed to enter negotiations regarding trade in services , a process expected to begin in the last quarter of 2020.