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.
Both countries are in the world's top 20 economies but not each other's top 10 trading partners.
This is Indonesia's first major agreement of its type and will allow Australian-owned universities to operate in the country.
Australian frozen meats, live cattle, feed grains, dairy, citrus and steel will also receive favourable treatment.
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