Indonesia Plans to Ratify Australian Trade Deal by End of Year

Indonesia and Australia expect to ratify their signed trade agreement by the end of the year, Indonesia’s trade ministry said Oct. 22, according to an unofficial translation. The agreement will increase export opportunities for Indonesian businesses and covers several non-tariff issues, including rules of origin, customs procedures, technical trade barriers, phytosanitary measures and more, Indonesia said. The deal “is expected to help businesses penetrate the Australian market and develop economic powerhouses so that Indonesian businesses can compete in other third country markets," Indonesia’s director general of national export development said in a statement.