Beef, grains, dairy, sugar, fruit, vegetable and honey farmers are cheering after the signing of the Indonesia-Australia trade deal in Jakarta this week.
Signing of the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) puts the finish line in sight after eight years of back and forth negotiations between the two nations.
Although there are still hurdles to be crossed, this free trade agreement will strengthen an already thriving relationship by improving market access and reducing tariffs.
“Indonesia is the world’s biggest importer of Australian wheat and Australia is Indonesia’s largest supplier of red meat. Australian dairy products and sugar are also highly valued by our neighbour,” National Farmers’ Federation CEO Tony Mahar said.