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Strengthening Indonesian Australian Economic Partnership

May 16, 2018

Statements

The significant trade relationship between Indonesia and Australia is the subject of a standards trade study released today, ahead of finalising negotiations between the two countries as part of the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA).

“With bilateral trade between Indonesia and Australia valued at $16.4 billion in 2016-17, and 80% of world trade affected by standards, it is critical for standards to play a central role as economic negotiations progress,” said CEO of Standards Australia, Dr Bronwyn Evans.

“This landmark standards trade enabling study will help Indonesian and Australian businesses maximize opportunities under IA-CEPA. The study examined Indonesia’s and Australia’s engagement internationally and nationally and has identified future areas of cooperation that will be critical to support IA-CEPA, said Prof Dr Ir Bambang Prasetya, Chairman of the National Standardization Agency of Indonesia (BSN).”

The study has been delivered as a result of the work between BSN – Indonesia and Standards Australia. Standards harmonisation, technical alignment and regulatory coherence were key focal points of the study and will feature heavily in supporting an outcomes-based IA-CEPA.

“The IA-CEPA, supported by this study, will be an important contributor to the growing economic relationship between Indonesia and Australia, as it delivers on its goals of enabling the flow of two-way trade, lowering tariffs, and boosting bilateral investment,” said Dr Evans.

Contact
Communications Department
Strengthening Indonesian Australian Economic Partnership
Email and link here

The significant trade relationship between Indonesia and Australia is the subject of a standards trade study released today, ahead of finalising negotiations between the two countries as part of the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA).

“With bilateral trade between Indonesia and Australia valued at $16.4 billion in 2016-17, and 80% of world trade affected by standards, it is critical for standards to play a central role as economic negotiations progress,” said CEO of Standards Australia, Dr Bronwyn Evans.

“This landmark standards trade enabling study will help Indonesian and Australian businesses maximize opportunities under IA-CEPA. The study examined Indonesia’s and Australia’s engagement internationally and nationally and has identified future areas of cooperation that will be critical to support IA-CEPA, said Prof Dr Ir Bambang Prasetya, Chairman of the National Standardization Agency of Indonesia (BSN).”

The study has been delivered as a result of the work between BSN – Indonesia and Standards Australia. Standards harmonisation, technical alignment and regulatory coherence were key focal points of the study and will feature heavily in supporting an outcomes-based IA-CEPA.

“The IA-CEPA, supported by this study, will be an important contributor to the growing economic relationship between Indonesia and Australia, as it delivers on its goals of enabling the flow of two-way trade, lowering tariffs, and boosting bilateral investment,” said Dr Evans.

Contact
Communications Department
communications@standards.org.au
communications@standards.org.au
Adam Stingemore
General Manager, Engagement and Communications
+61 2 9237 6086
Chris Larsen
Senior Manager Communications & Design
+ 0431 900 712
Jess Dunne
Communications Manager
+ 61 2 9237 6381