A long-awaited free trade deal between Australia and Indonesia is set to be signed in Jakarta.
The landmark deal to bring new access to markets for agriculture and education will be signed on Monday by Trade Minister Simon Birmingham, and his Indonesian counterpart Enggartiasto Lukita.This is a good deal for Indonesia in terms of growing their economic opportunity and investment," Senator Birmingham told reporters in Launceston on Friday.
"This is a great opportunity for our education providers, health and financial services providers as well, to be able to have easier access into Indonesia, better regulatory conditions to do business." The trade deal was meant to be signed last year, with negotiations concluding in August. But the signing was delayed when Prime Minister Scott Morrison announced the government was considering moving Australia's Israeli embassy to Jerusalem.The free trade deal is Indonesia's first major agreement of its type and will allow Australian-owned universities to operate in the country.
Senator Birmingham said Australian frozen meats, live cattle, feed grains, dairy, citrus and rolled steel would receive favourable treatment under the agreement.Mr Morrison said on Twitter that the deal would take the economic relationship between the nations to a new level, while his predecessor Malcolm Turnbull was pleased the agreement was to be signed"at last".
Give us the details of the deal, last time they brought $300.00 worth and we brought Millions of dollars from them.
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