As Indonesia has picked up speed as one of the world’s fastest growing consumer markets, FB Rice has turned their attention to guiding clients on intellectual property matters with Australia’s 12th largest trading partner.
For further information on filing in Indonesia, please contact Marcus Caulfield.
Indonesia joined the ‘Patent Cooperation Treaty’ (PCT) in September 1997, and in 2012, the ASEAN-Australia-New Zealand Free Trade Area (AANZFTA) paved the way for international arbitration and for ease of intellectual property management.
Indonesia is one of Australia’s most important bilateral relationships across business, education, defence, security, and people-to-people engagement. Depth and strength of the relationship is maintained by those in positions of high influence in both countries. March 2010 was a milestone for the Australian-Indonesian relationship when both governments declared it a comprehensive strategic partnership.
Indonesia is South East Asia’s largest economy and the 16th largest economy in the world. In 2015, the Indonesian GDP was US$872.6b with A$14.8b in trade with Australia during the 2015 calendar year.
Indonesia currently has high demand for goods and services, specifically premium food and beverages, financial and ICT services, tourism, education, and healthcare as well as an ambitious infrastructure investment agenda.
As a fellow Southeast Asian G20 member, Indonesia is one of Australia’s key strategic partners with extensive relationship ties. The relationship is grounded in a series of regular formal leadership and departmental meetings as well as diplomatic visits between leaders.
Both countries also work closely on national security, trade and investment, development, and education. Trade and investment is a particular area where there is considerable opportunity for the relationship to expand.
Negotiation on a Comprehensive Economic Partnership Agreement, originally launched in 2010, has been reinvigorated by the current Trade Ministers. The IA-CEPA will bring the countries closer together through increased regional economic integration.