JAKARTA, May 10 (Xinhua) - The Indonesian government has ratified ASEAN-Australia and New Zealand Free Trade, Coordinating Minister for Economy HattaRajasa said here on Tuesday.
The minister said that the free trade implementation would start this year, but the some post tariffs implementation would be gradual by up to 2015.
"This agreement would bring benefit for Indonesia, so the government decided to ratify it. The ratification was in line with schedule, before the ASEAN Summit," he was quoted by Bisnis online as saying.
Minister Rajasa said that the deals stipulated that the products imported from Australia and New Zealand were complementary.
"The products that can be produced in Indonesia may not be imported from Australia or New Zealand and so may the products that can be produced in Australia and New Zealand," he said.
Indonesia has engaged in some free trades, including the ASEAN- China Free Trade which brings benefit for the hike of Indonesia's total exports.
May 10th, 2011
Source: Xinhua News
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