Australia and Indonesia sign historic free trade deal

Australia and Indonesia have signed a landmark free trade deal, but it still needs to run the gauntlet of federal parliament.

Australian PM Scott Morrison said the free trade deal elevates the bilateral relationship.

Source: AAP

A trade deal between Indonesia and Australia has been hailed as sending a timely signal to the world about the importance of free trade.

As the Indonesian and Australian trade ministers signed the agreement in Jakarta on Monday, Labor leader Bill Shorten promised to study the detail as his party weighed up whether to lend parliamentary support.

The opposition leader says Labor is "positively disposed" towards the trade pact, which must be ratified by parliament after its formal tabling and an inquiry by the treaties committee.

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Australia and Indonesia sign historic free trade deal | SBS Indonesian