Done deal: Indonesian the-then Trade Minister Enggartiasto Lukita (right) shaking hands with his Australian counterpart Simon Birmingham after the Indonesia-Australia Comprehensive Economic Partnership Agreement in Jakarta on March 4, 2019. The trade deal will come into force on July 5, 2020. - AFP
JAKARTA, July 6 (Xinhua): The free trade deal between Indonesia and Australia that completely removes most trade tariffs for the products of the two nations and aims to ramp up investment has taken effect, Indonesian Trade Minister Agus Suparmanto said here.
The Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) which took effect on Sunday was inked in 2019 and ratified by the Indonesian parliament in February, 2020.
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