Sugar breakthrough paves way for free trade agreement Australia and Indonesia
Sugar export as open door for a broader free trade agreement between Australia and Indonesia
“Australia is pinning its hopes on sugar to revitalize exports to Indonesia, as it seeks momentum for a free trade agreement that has been mooted for nearly a decade.
With two-way trade at its lowest since 2009, Australian Trade Minister Steve Ciobo hailed a recent deal to reduce sugar tariffs from 8 percent to 5 percent, bringing the country into line with the rate for Southeast Asian nations. Australia is now working on a conclusion of the broader pact ‘by the end of this year,’ he said.”