As two neighboring countries, Indonesia and Australia have had a long and complex relationship. Over the years, the two countries have formed several agreements that have strengthened their ties and improved their economic and political cooperation.
One of the most important agreements between Indonesia and Australia is the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA). The agreement was signed in March 2019 and has been in effect since July 2020. The IA-CEPA is a free trade agreement that aims to boost economic ties and investment between the two countries.
Under the agreement, Indonesia and Australia have agreed to reduce tariffs on goods and services, improve investment rules, and increase cooperation in sectors such as agriculture, mining, and energy. This has opened up new opportunities for businesses in both countries and has helped to promote greater economic integration between the two countries.
In addition to the IA-CEPA, Indonesia and Australia have also signed several other agreements that focus on key areas such as security, defense, and education.
For example, in November 2019, Indonesia and Australia signed the Joint Declaration on Maritime Cooperation. This agreement aims to strengthen security and defense cooperation between the two countries, particularly in the areas of maritime security and counterterrorism.
Another important agreement between Indonesia and Australia is the New Colombo Plan. This is an initiative that aims to increase the number of Australian students studying in Indonesia and other countries in the Asia-Pacific region. The program also provides scholarships and funding for Indonesian students to study in Australia.
Overall, the agreements between Indonesia and Australia highlight the importance of strong bilateral relations between neighboring countries. By working together on issues such as trade, security, and education, Indonesia and Australia can promote greater stability and prosperity in the region.