Business groups release input into Indonesia-Australia Comprehensive Economic Partnership Agreement

Business groups from Indonesia and Australia are today releasing Two Neighbours: Partners in Prosperity (link to paper), their position paper to the governments of both countries to inform negotiations on the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA).

The position paper has been released by the Indonesia-Australia Business Partnership Group (IA-BPG), which comprises the Indonesian Chamber of Commerce and Industry (KADIN), the Australian Chamber of Commerce and Industry, APINDO, Ai Group, the Indonesia-Australia Business Council (IABC) and the Australia-Indonesia Business Council (AIBC).

As the position paper explains, the IA-CEPA must create an environment to enable business from Indonesia and Australia to trade, invest and cooperate. If business does well, it also has the power to do good by creating new jobs and new wealth and by underpinning inclusive economic growth and higher standards of living.

The IA-CEPA must embrace innovation to create a special and unique agreement between Indonesia and Australia. It must create an environment of preferential treatment for investors, exporters and business collaborators while empowering the vulnerable in both countries.

To achieve a unique CEPA, both sides have to approach the negotiations with generosity and goodwill. The result will boost levels of trust and confidence, essential for continued success. With both large businesses and SMEs engaged, real people-to-people contact will change the relationship between the two neighbours.

The IA-BPG identified six specific sectors where significant potential exists for cross-border economic engagement and where benefits may be realised within a relatively rapid time-frame:

1.     Expanding tourism and enhancing hospitality.

2.     Securing domestic food availability and participating in global food supply.

3.     Developing human capital.

4.     Improving health and quality of life.

5.     Accelerating connectivity in digital economy, e-commerce and creative industry.

6.     Facilitating opportunities in infrastructure and energy.

The report also identifies 22 recommendations on common themes that could address concerns and opportunities for multiple sectors through cross-cutting actions and 75 recommendations for specific sectors.

The IA-BPG presented the position paper to Indonesian Minister for Trade Enggartiasto Lukita and Australian Minister for Trade, Tourism and Investment Steven Ciobo at a ministerial meeting in Jakarta on August 2, 2016.

The IA-BPG stands ready to continue assisting the negotiators and both governments during negotiation and implementation of the IA-CEPA.

Senin, 15 Agustus 2016 |