Indonesia's and Australia's trade deficit is widening. In 2019, it reached US$3.2 billion, a 5.5% increase from US$3 billion the previous year. This is due to imports exceeding exports. Imports from Australia amounted to US$5.5 billion, while exports were only US$2.3 billion.
For information, Indonesia and Australia have a trade cooperation agreement worth billions of dollars. This cooperation is called the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA). Jokowi hopes that this cooperation will increase openness in cooperation, from trade to tourism.
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