Imports of Australian beef will be exempt from Indonesia’s quotas, following negotiations with the Australian government, in order to stabilize the supply and cost of beef in Indonesia’s domestic markets ahead of Ramadan next month and the Eid al-Fitr festival in August.
The Indonesian government also confirmed that quotas applying to live cattle for the second half of the year will be brought forward, with a further review of supply and demand to be undertaken this year. An additional quota exemption has also been flagged, which would enable Indonesia's rice trading enterprise Bulog to import beef products, such as frozen carcasses, for supply to local markets.
Craig Emerson, Australia’s minister for trade and competitiveness, and Joe Ludwig, Australia’s minister for agriculture, fisheries and forestry, welcomed Indonesia’s announcement.
“The Indonesian government’s decision to increase the import of Australian premium beef is a clear reflection of our strong, ongoing trade relationship,” Emerson said in a written statement.
Australia is “well-placed” to benefit from Asia’s rising consumption, with three-quarters of its exports already being sent to China, Japan, South Korea, India and the Association of Southeast Asian Nations, said Kelvin Thomson, Australia’s parliamentary secretary for trade, in a separate remark.