Indonesia, Australia Sign Free-Trade Deal

The video discusses Indonesia's recent trade deal with Australia, which took eight years to finalize and will see most goods traded tariff-free. The deal was delayed due to political controversies but is now expected to benefit both countries economically. Additionally, Indonesia is working on other trade agreements, including one with the European Union and the RCEP, to address its trade and current account deficits. These efforts are crucial for Indonesia's economic stability, especially with upcoming elections. The video also touches on Indonesia's economic challenges, such as its record trade deficit and the impact of interest rate changes.

What was a major reason for the delay in the Indonesia-Australia trade deal?

• Disagreements over tariffs

• Lack of interest from Australia

• Political controversy involving Australia's embassy

• Economic instability in Indonesia

What percentage of goods from Australia to Indonesia will be tariff-free under the new deal?

• 100%

• 99%

• 85%

• 75%

Which major trade agreement is Indonesia pushing for that covers a third of the global economy?

• European Union Trade Agreement

• North American Free Trade Agreement

• Regional Comprehensive Economic Partnership

• Trans-Pacific Partnership

What was the approximate trade deficit of Indonesia last year?

• $5 billion

• $12 billion

• $8.6 billion

• $10 billion

How many times did Indonesia's Central Bank raise interest rates during the economic downturn?

• Four times

• Five times

• Six times

• Seven times