Indonesia and Hong Kong Free Trade Agreements welcomed

10 Oct 2019 |

The Australian Chamber is pleased the Joint Standing Committee on Treaties (JSCOT) has recommended the Parliament ratifies Australia’s free trade agreements with Indonesia and Hong Kong.

In its submissions to the Committee, ACCI called for ratification as soon as possible in order to improve market access for Australian small and medium enterprises as soon as possible.

“ACCI played a pivotal role in making the Indonesia-Australia agreement possible,’ ACCI chief executive James Pearson said.

“Our founding of the Business Partnership Group (BPG) with Indonesia’s national Chamber of Commerce (KADIN) and other stakeholders in 2012 encouraged our two governments to negotiate a comprehensive agreement.”

Mr Pearson said the Hong Kong trade deal has made real inroads for the Australian services sector to gain greater market access for insurance, banking and fintech, as well as reducing red tape.

“ACCI also championed for independent economic analysis of these agreements to ensure they will continue to benefit Australian business. We welcome the Committee’s recommendation along these lines.”

The Australian Chamber is Australia’s largest network of employers, speaking for over 300,000 businesses employing millions of Australians in every sector of the economy, in every corner of Australia. Our Small Business is a Big Deal campaign gives voice to what small businesses need from the federal government, and our Getting on with Business recommends ways to make Australia the best place in the world to do business, so that Australians have the jobs, living standards and opportunities to which they aspire

Marie Hogg

Senior Adviser - Media

P  |  0431 299 518

E  |  [email protected]

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