New trade deal a win-win for Indonesia and Australia, says PM


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Bogor: The Australia-Indonesia free trade deal will be a “massive
win-win” for both nations, Prime Minister Scott Morrison says, as it
will bring the two nations closer together, deepen strategic ties and
strengthen economic growth.


Australian Prime Minister Scott Morrison in Indonesia on Friday.

Australian Prime Minister Scott Morrison in Indonesia on Friday.


Photo: AAP

The long-awaited deal, which has been years in the making and was due
to be signed last December, could deliver a big boost to Australian
universities and health providers by making it easier for them to set
up operations in Indonesia.


Aussie farmers are also expected to receive certainty in the form of
annual quotas which will determine the volume of beef, live cattle,
potatoes and other agricultural products that can be exported to
Indonesia.



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Speaking ahead of his first meeting with Indonesian President Joko
“Jokowi” Widodo, just a week after taking over as prime minister from
Malcolm Turnbull, Mr Morrison also reassured the leaders of Pacific
island nations that they could “count on me” – despite him missing the
Pacific Island Forum on Nauru next week.


Article source: https://www.watoday.com.au/business/markets-live-investors-trade-cautiously-overnight-wall-st-mixed-20180717-h12rpn.html?ref=rss&utm_medium=rss&utm_source=rss_feed

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