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Indonesia, Australia to sign CEPA in March

16
Feb '19
Indonesia, Australia to sign CEPA in March
Indonesia will sign a comprehensive economic partnership agreement (CEPA) with Australia in March, according to trade minister Enggartiasto Lukita. Both the nations agreed on a CEPA when Australian Prime Minister Scott Morrison visited Indonesia in August 2018. Lukita and his Australian counterpart Simon Birmingham had signed a joint declaration of CEPA then.

However, the signing of the CEPA was put on hold following Australia`s plan to move its embassy from Tel Aviv to Jerusalem, according to a news agency report.

Trade between the two sides was worth $8.3 billion last year, with Indonesia suffering a deficit of $3.48 billion. (DS)

Fibre2Fashion News Desk – India


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