Australia, Indonesia Planning 100-Day Implementation Period for FTA
Indonesia officially ratified its free trade agreement with Australia (see 2001220042) and the two countries have discussed a 100-day implementation plan for the deal to take effect during the first half of 2020, according to a Feb. 18 post from…
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KPMG. Under the deal, more than 99% of Australian agricultural goods to Indonesia will benefit from duty-free access or “significant preferential treatment,” KPMG said. The deal will also “virtually” eliminate tariffs on Australian exports of energy goods, and Indonesia will “guarantee the automatic issuance of import permits” for Australian agricultural and steel goods. In addition, Australia will eliminate all duties on Indonesian goods, KPMG said.