29 Sep Australia and Indonesia sign up for simplified customs process
Businesses across Australia and Indonesia are positioned to benefit from the signing of an Authorised Economic Operator Mutual Recognition Arrangement (AEO MRA) between the two nations which will deliver a simplified customs process.
In 2022-23, Indonesia was Australia’s 13th largest two-way trading partner by value ($26.2 billion) and 9th largest export market ($15.7 billion). With Indonesia set to become one of the world’s ten largest economies over the coming decade, this arrangement will enable Australian Trusted Traders (ATT) to gain faster, more efficient, and more secure access to one of the world’s fastest growing economies.
This recent agreement further builds on the AEO MRAs Australia currently has with the following countries: Canada, the People’s Republic of China, Hong Kong Special Administrative Region, Japan, the Republic of Korea, New Zealand, Singapore, Taiwan, Thailand and India.
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