Australian trade minister to visit Indonesia to promote ties

15:48, April 18, 2011      

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Australian Trade Minister Craig Emerson will visit Jakarta this week to discuss a number of bilateral and regional issues with his Indonesian counterpart Mari Elka Pangestu, according to local media Monday.

Among the issues are a Comprehensive Economic Partnership Agreement (CEPA), Indonesia's ratification of the ASEAN-Australia- New Zealand Free Trade Agreement (AANZFTA) and the Doha Round of multilateral trade negotiations, and the finalization of a joint pilot project designed to help improve Indonesian cattle breeding performance.

The visit comes as booth Australia and Indonesia are preparing for negotiations on a Comprehensive Economic Partnership Agreement (CEPA).

Australian Prime Minister Julia Gillard and Indonesian President Susilo Bambang Yudhoyono launched the CEPA process in November last year.

"The Indonesian economy, with 234 million people, has been growing strongly and could be in the top 10 globally by 2025," Emerson said.

Indonesia is Australia's fourth largest market for agricultural exports, behind Japan, China and the US. In 2009-10, the volume of trade between the two countries reached 12.4 billion U.S. dollar.

Source: Xinhua
 
 
     
 
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