India is too far from Australia. The trade relation with Indonesia which will be strengthen as RCEP has been signed and also Indonesia-Australia Free trade agreement
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The
Indonesia–Australia Comprehensive Economic Partnership Agreement (
IA-CEPA) is a bilateral agreement signed between
Australia and
Indonesia in March 2019, ratified by Australia in November 2019 and Indonesia in February 2020. The agreement contains a free trade agreement removing tariffs from nearly all products traded between both countries, in addition to loosening investment regulations in Indonesia for Australian firms and increasing the quota for Indonesians seeking vocational training in Australia.
Agreements
IA-CEPA contains clauses on bilateral
free trade, investments, skills training visas, investor arbitration, e-commerce, and
intellectual property protection.
[1] Indonesia, under the agreement, will remove tariffs from nearly all Australian products exported to Indonesia while all Indonesian products exported to Australia will be free of tariffs.
[2] Australian firms would be permitted to hold a majority stake in Indonesian telecommunications, transport, health and energy firms. Additionally, the number of work holiday visas issued to Indonesians annually would be increased from 1,000 to 4,100 (later to 5,000
[1] by 2026), and Australian universities would be permitted to open Indonesian campuses.
[3]
The deal also includes protections against discrimination and expropriations, and prevents software developers from being forced to hand over their
source code to sell their products. Additionally, Australian businesses were granted exceptions to an Indonesian regulation requiring online marketplaces in Indonesia to store data locally.
[1]
en.wikipedia.org