Minister for Agricultural Industry Development and Fisheries Mark Furner welcomed the signing of the recent Australia-Indonesia Free Trade Agreement, recognising that Queensland is in a prime position to capitalise on the signing of the FTA and saying it will be a boon for exporters of Queensland agricultural products.
“By 2030, Indonesia is expected to be in the top five economies in the world, and its population of 270 million makes it one of our most promising export markets,” Furner said. “In 2017 Australia exported around $3.5 billion worth of agricultural goods to Indonesia. With this new Free Trade Agreement in place we would expect to see that total increase significantly."
“Under this Agreement, by 2020 almost everything we export to Indonesia will be either duty free or under improved preferential arrangements,” Furner added.
These are key FTA outcomes according to miragenews.com:
Citrus:
Mandarins – Tariff cut to 10% (from 25%) for 7,500 tonnes per year; tariff further reduced over time, down to 0% after 20 years for an unlimited volume
Oranges – duty free access for 10,000 tonnes of oranges per year, increasing 5% each year
Lemons and limes – duty free access for 5,000 tonnes of lemons and limes per year, increasing 2.5% each year.
Potatoes: Tariff cut to 10% (from 25%) for 10,000 tonnes per year; after five years tariff further reduced to 5% for 12,500 tonnes per year, increasing by 2.5% per year.
Carrots: Tariff cut to 10% (from 25%) for 5,000 tonnes per year; tariff further reduced over time, down to 0% after 15 years for an unlimited volume.
