Negotiations on the Indonesia-EU Comprehensive Economic Partnership Agreement (IEU-CEPA) are nearly 90% complete, with the deal expected to be finalised this month, according to Indonesia’s Trade Minister Zulkifli Hasan.
Indonesia's Trade Minister Zulkifli Hasan (in green jacket) during a meeting with Commission VI of the House of Representatives in Jakarta on September 4 (Photo: Antara)
Jakarta (VNA) - Negotiations on the Indonesia-EU Comprehensive Economic Partnership Agreemen꧂t (IEU-CEPA) are nearly 90% complete, with the deal expected to be fina🐻lised this month, according to Indonesia’s Trade Minister Zulkifli Hasan.
He made the statement after attending a meeting with Commission VI of the House of Representatives on September 4.
The minister made a similar statement on August 29, saying that negotiations on trade agreements, including IEU-CEPA, must be concluded before the new government led by President-elect Prabowo Subianto comes into office in October. Indonesia's trade balance has posted a surplus for 51 successive months and the country is pushing for further growth by accelerating negotiations on economic cooperation agreements, he noted.
After nine years of negotiations, Indonesia hopes to ratify the IEU-CEPA before major political changes. Once it takes effect, Indonesia can expect to have its products exempted from import duties when entering European markets.
Meanwhile, the Trade Minister's expert for international trade, Bara Krishna Hasibuan, said that the agreement is a good opportunity to boost trade for both Indonesia and the EU.
In addition to making import duty exemption possible, the IEU-CEPA is also expected to help Indonesia and the EU bridge differing views on the EU Deforestation Regulation (EUDR) and Carbon Border Adjustment Mechanism (CBAM), he added./.
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In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
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The new FIFA Hub in Jakarta will not only support football development in Indonesia but also serve as a coordination centre for 21 football associations across Southeast and East Asia.
Minister Counselor Nguyen Hoang Nguyen reaffirmed Vietnam’s principled and consistent stance on the Palestine issue, calling for an immediate and lasting ceasefire across the entire Gaza Strip.
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