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Jakarta Post

RI, Australia want development deal

  • Linda Yulisman

    The Jakarta Post

Jakarta   /   Thu, April 21 2011   /  08:00 am

Australia and Indonesia agree that the Com-prehensive Economic Partnership Agreement (CEPA) currently being discussed should reflect development principles to guarantee benefits for participating parties.

Australian Trade Minister Craig Emerson said Wednesday that through such a trade agreement, Australia expected to promote economic cooperation beneficial to both parties.

“We approach this development-based agreement not simply as a trade agreement. We can be a trend setter on the quality that can go into an agreement that is truly beneficial to both countries,” he told reporters after witnessing the signing of an MoU between the Indonesian Chamber of Commerce and Industry with its Australian counterpart at the Trade Ministry.

Emerson added that his government would try to promote economic cooperation, which would include assistance to lift the standard of liv...