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Sunday, 08 April 2018 10:46

Indonesia Hopes to Conclude Comprehensive Economic Partnership Agreement Talks with Australia in August

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The Indonesian government said it was hoping to conclude negotiations on the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA CEPA) in August after failing to do so in December last year.

Indonesian Coordinating Economic Minister DarminNasution said recently in Jakarta that the two nations were still discussing some technical aspects regarding goods and services, making it clear that they were minor issues. He said, there are some matters that have to be finished.

Previously, Indonesian Trade Minister EnggartiastoLukita said Jakarta and Canberra have resolved 90 percent of the issues discussed in the trade agreement. He said Australia was asking for a higher tariff rate quota for beef. Canberra previously proposed that Indonesia impose a special tariff for its beef. Indonesia agreed to grant a special tariff, but the two nations have not yet agreed on the quota.//JP 08.04.2018 Rezha

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