The Regional Trade Agreements Division of the Department of Foreign Affairs and Trade has announced the commencement of the Indonesia-Australia Comprehensive Economic Partnership Agreement (“the IA-CEPA”) from 05 July 2020.
According to the Preamble of the IA-CEPA, the countries recognise that “open, transparent and competitive markets are key drivers of economic growth, poverty reduction, job creation, innovation, expansion of productive capacity and human development”.
International Trade obligations are relevant in migration context as labour market testing is not required. In this regard, the Migration (LIN 20/029: Determination of International Trade Obligations Relating to Labour Market Testing) Instrument 2020 dated 28 January 2020 provides a list of 14 agreements, including the IA-CEPA, that determines international trade obligations of Australia regarding labour market testing.
To see list of all international trade obligations, click here.
To read full text of the IA-CEPA, click here.
