FTA

But trade associations call for more certainty as political impasse continues.

Trade ministers from Indonesia and Australia signed a new free trade agreement (FTA), the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA), in Jakarta, Indonesia, on March 4. The new agreement eliminates nearly all tariffs on the two-way trade in goods between the two nations. A wide variety of non-trade barriers will also be removed.

Tuesday’s votes in the British Parliment left the transport trade and industry in general in limbo with politicians again failing to make a definitive decision on which direction the country would go.

This week’s events in the UK Parliament have left freight transport operators confused as to the regime that they will face in both Ireland and the UK. As a consequence the community has decided to prepare for the UK without a deal in place with the EU.