Indonesia ratifies free trade pact of ASEAN-Australia, New Zealand

JAKARTA, May 10 (Xinhua) - The Indonesian government has ratified ASEAN-Australia and New Zealand Free Trade, Coordinating Minister for Economy HattaRajasa said here on Tuesday.

The minister said that the free trade implementation would start this year, but the some post tariffs implementation would be gradual by up to 2015.

"This agreement would bring benefit for Indonesia, so the government decided to ratify it. The ratification was in line with schedule, before the ASEAN Summit," he was quoted by Bisnis online as saying.