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07 Jul
12:48

Trade agreement grows Australian ore exports to Indonesia

The Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) took effect on 5 July. Australia aims to increase iron ore exports to Indonesia through tariff reductions, Kallanish notes. In a signing ceremony last year, the two countries said the agreement would eliminate all Australian tariffs on imports from Indonesia, while 94% of Indonesian tariffs would be gradually removed. Australia's goal is to increase exports including wheat…
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