Free Trade Agreement with Indonesia and Australia
To our Valued Customers,
BRi wishes to remind it's customers that the Indonesia-Australia Comprehensive Economic Partnership Agreement ( IA-CEPA) will enter into force this Sunday, July 5th.
As previously communicated, most goods of Indonesian origin are already covered by the ASEAN-Australia-New Zealand Free Trade Agreement which means most Australian benefits of IA-CEPA will be felt by Australian exporters who ship goods to Indonesia. Despite this, there may still be some advantages for importers, as the new agreement allows declarations of origin to be used as evidence of origin rather than the traditionally used certificates of origin. Such declarations may be made on an invoice, delivery note or other commercial document provided it contains certain mandatory fields and there is no prescribed form for a declaration of origin.
Any BRi clients currently paying duty on imports from Indonesia should consider the IA-CEPA as a potential option to reduce duty liabilities. BRi’s Customs department would be happy to assist with any queries you may have in relation to this new free trade agreement.
Keeping you updated,
BRi Customs Team
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