ISDS Case Map
Australia
New Delhi wants to resume negotiations on the long-pending Comprehensive Economic Cooperation Agreement with Australia, talks for which stalled in 2015.
The economic importance of IA-CEPA remains to be seen, at least from Indonesia’s side. IA-CEPA would require many changes in Indonesian regulations at the ministerial and local levels, which has been very challenging in the past.
Australian Trade Minister will meet his Indian counterpart, likely to discuss RCEP and long-pending bilateral trade agreement.
Indonesia is currently a major perpetrator of human rights abuses against its own minority groups, specifically their LGBTQI community, which makes this partnership questionable in view of Australia’s signature on the UN Human Rights Charter.
Bilateral trade deal sceptics have criticised the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) as more of a strategic public relations document than genuine economic reform.
The Australian minerals industry has access to new export markets and investment opportunities with the Peru-Australia Free Trade Agreement (PAFTA) entering into force today.
The IA-CEPA has been ratified by the legislatures of both countries and is thus strongly based on a national political consensus, allowing for immediate implementation..
The Indonesian parliament has given the green light to a new trade deal with Australia, paving the way for the agreement to be signed in Canberra on Monday.
British Foreign Secretary hopes Australia will be in the first wave of free trade deals his country can secure in the post-Brexit era.
Countries such as Australia, New Zealand, South Korea and Japan are among the first ones with which India is ready to consider individual agreements to begin with.
