Among the benefits of the BENEFITS FTA that can be obtained from the free trade agreement are the emergence of the creation of trade and the diversion of trade. The creation of businesses is the creation of trade transactions between FTA members that have never taken place before, thanks to incentives arising from the formation of free trade agreements. The IU-CEPA talks began in July 2016 and took place in Brussels, Belgium, in September 2016. This IU-CEPA agreement will have a broad scope. B in the areas of trade in goods, services, investment and cooperation in various areas, including SMEs. So far, negotiations have taken place nine times (the last time in December 2019). What is a free trade agreement? Under the Free Trade Agreement (FTA) and the Comprehensive Economic Partnership Agreement (CEPA), Indonesia has signed various cooperation agreements/trade agreements on goods and services, both regionally and bilaterally. Beleid was released as part of the process of ratifying the Asean-Hong Kong Free Trade Agreement, in accordance with Presidential Decree 34/2020. This agreement also complements the list of free trade agreements owned by the Indonesian government.

That is why, on 15 May 2018, the Ministry of Commerce of the Republic of Indonesia, in collaboration with the Office of Industry and Trade of Kalimantan West Kalimantan Province, carried out activities in the Free Trade Agreement (FTA) in the field of education. Melansir Definition of the official website of the Ministry of Commerce of the Republic of Indonesia Free Trade Agreement (FTA) is an agreement between two or more countries to form a free trade area. AANZFTA is the first free trade agreement signed by ASEAN (Association of Southeast Asian Nations) and implemented by all member states since 2012. This agreement is of great importance for the reform of the rules of cooperation between countries in order to make activities simpler and more comprehensive. Some important points of the AANZFTA agreement are: IA-CEPA covers trade in goods and trade in services. The AI-CEPA allows Indonesia to expand access to export markets to Australia for agricultural products, fisheries, industry, forestry and labour. It is also useful for increasing investment and strengthening cooperation between Indonesia and Australia. Based on the results of the research, the AI-CEPA will enable Indonesia to increase its GDP (gross domestic product) by 0.23%, or AUD 33.1 billion, through the liberalization of trade in goods and services to Australia.

He also mentioned that the complexity of the processes and conditions to be met by exporters and importers who wish to benefit from special tariffs under both free trade agreements (FTAs) and comprehensive economic partnership agreements (EPAAs) is another cause of the low benefit of the trade pact. In addition to trade in goods, services and investment, the EPA has a broader scope than the free trade agreement, which also covers more specific issues such as cooperation between SMEs, geographical indications, competition, sustainable development, public procurement and various other areas. On the bilateral level, Indonesia has completed the CEPA (IJCEPA) and Indonesia Pakistan FTA and built FTA/CEPA with Iran, Chile, Australia and the European Union.