Jakarta, July 4 -- Indonesian Trade Minister Budi Santoso stated that Indonesia and Australia agreed to review the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) to ensure it remains relevant and continues to provide added value amid global dynamics.

Speaking at the 5th-anniversary celebration of IA-CEPA in Jakarta on Thursday, Santoso noted that the review aligns with the spirit of strengthening economic cooperation, as affirmed by Indonesian President Prabowo Subianto and Australian Prime Minister Anthony Albanese last May.

"The IA-CEPA review process aims to increase the benefits of the agreement for both countries," he remarked.

The minister affirmed that by involving business players, academics, and com...