FBA representative in Australia and New Zealand Irina Gorbulina took part in an expanded meeting of the Australia-Indonesia Business Council

On August 25, 2022, the representative of FBA in Australia and New Zealand Irina Gorbulina took part in an expanded meeting of the Australia-Indonesia Business Council.
The meeting was devoted to plans for further expansion of international relations between the two countries.
On July 5, 2020, the Comprehensive Economic Partnership Agreement between Indonesia and Australia (IA-CEPA) entered into force.
Indonesia, with a population of 264 million people, provides significant opportunities for Australian business.
IA-CEPA creates a framework for Australia and Indonesia to unlock the potential of bilateral economic partnership, promoting economic cooperation between businesses, communities and individuals.
According to IA-CEPA, 99% of Australian goods will be imported into Indonesia duty-free or under significantly improved preferential conditions. IA-CEPA will also support stronger value chains between Australian and Indonesian businesses, ensuring that Australia is well positioned to deepen economic cooperation and participate in Indonesia's growth. It will also provide a significant boost in a number of service sectors, including education and training, tourism, finance, mining and energy. It will as well provide new mechanisms to eliminate non-tariff barriers.
Indonesia guarantees the automatic issuance of permits for the import of basic products such as live cattle, frozen beef, lamb, feed grain, rolled steel, citrus products, carrots and potatoes.
Unhindered access to the market of services, digital commerce and investments ensures the confidence of Australian enterprises and service providers in the Indonesian market, including guarantees of Australian property protection. Indonesia also removes restrictions on the level of ownership of shares in Indonesian companies by Australian residents, with some exceptions.