JAKARTA -- Indonesia and Australia have finally put pen to paper on their Comprehensive Economic Partnership Agreement, after months of delays due to diplomatic wrangling over Canberra's plan to move its Israel embassy to Jerusalem.
Indonesian Trade Minister Enggartiasto Lukita and his Australian counterpart Simon Birmingham signed the deal, dubbed the IA-CEPA, on Monday in Jakarta. This will gradually eliminate 94% of Indonesian tariffs, covering 99% of Australian trade with the archipelago nation by value.
