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NEWS UPDATES 15 July 2009

Indonesia, EU to sign partnership agreement

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The Indonesia-European Union bilateral consultation forum agreed to sign a partnership cooperation agreement (PCA) at a two-day meeting which ended in Yogyakarta on Tuesday, reported state news agency Antara.

The forum was called to discuss various areas of cooperation implemented since the last meeting held in Brussels in September 2008 and the latest developments in cooperation between Indonesia and the EU, an EU delegation to the meeting said in a press statement on Tuesday.

The PCA is the first bilateral agreement between Indonesia and the EU.

The statement said the agreement would hopefully ensure close and sustainable dialog and cooperation to develop partnership such as trade ties between Indonesia and the EU as well as to promote cooperation in education, research, environment, energy, tourism and transportation.

Two-way trade between Indonesia and the EU is currently estimated at 20 billion euros.

The agreement would also pave the way for a dialog and cooperation in handling border issues, organised crimes, communicable diseases and climate change.

Before the agreement is ratified, a series of senior officials meetings will be held as one of the bases for the agreement between Indonesia and the EU, the statement said.

Indonesian Foreign Minister Hassan Wirajuda and his Swedish counterpart as well as the EU commissioner for foreign relations are scheduled to sign the cooperation agreement later this year.

The forum also agreed on the planned meeting between Indonesian Trade Minister Mari Elka Pangestu and her EU counterparts later this year to discuss a wide range of important issues related to trade and investment.

Both Indonesia and the EU also agreed to work closely ahead of a climate change meeting in Copenhagen, Denmark, at the end of this year.


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