Sign up | Log in



Home  >>   Daily News  >>   Indonesia  >>Trade  >> RI to revive talks on partnership deals with EU
NEW UPDATES Asean Affairs    5 February  2015  

RI to revive talks on partnership deals with EU

Indonesian trade officials will soon meet their EU counterparts to revive long-delayed negotiations on a comprehensive economic partnership agreement (CEPA) to boost trade and investment.

Trade Ministry director general for international trade cooperation Bachrul Chairi said in Jakarta on Tuesday that the meeting would be held following a meeting between Trade Minister Rachmat Gobel and European Trade Commissioner Cecilia Malmstrom on the sidelines of the World Economic Forum (WEF) in Davos, Switzerland, recently.

“Our concern is that other ASEAN countries are in the final stages of negotiations [on free trade agreements with the EU]. If we don’t follow suit, we will lose our market share in Europe,” Bachrul told The Jakarta Post after a press briefing on Tuesday.

At present, the 28-member bloc is negotiating or has finalized free trade agreements with some Southeast Asian countries, including Singapore, Malaysia, Vietnam and the Philippines.

Bachrul said that among others, fisheries product exports could be enhanced with the CEPA, as those products still faced high import duties despite enjoying tariff cuts under the generalized system of preference.

Both parties had aimed to formally launch the CEPA talks by the end of 2012, but the plan was delayed due to stumbling blocks including tariff reductions, service liberalization and restrictions on foreign ownership.

Separately, EU Ambassador to Indonesia, Brunei Darussalam and ASEAN Olof Skoog expected Indonesia to be “ambitious enough” to discuss issues that hampered the progress of the talks.

“We see this [agreement] as a win-win deal for both. Indonesia has a lot to gain because the EU is its biggest export market and it could be bigger if there’s greater market access,” Skoog told the Post after an ASEAN-EU Joint Cooperation Committee (JCC) meeting in Jakarta last Wednesday and Thursday.

“We stand ready to begin, provided we can reach the level of ambition,” he added.

The EU is now Indonesia’s third-largest trading partner and the second-top foreign investor. Non-oil and gas exports from Indonesia to the European market rose slightly by 0.87 percent to US$16.81 billion last year from 2013 amid a persisting eurozone crisis, according to the Central Statistics Agency (BPS).

Indonesian Chamber of Commerce and Industry (Kadin) deputy chairman for trade and international economic cooperation Chris Kanter underlined that bilateral trade between Indonesia and the EU was complementary in nature, thereby such an agreement would be vital to facilitate exchanges of goods and services as well as expand economic activity.

“There are many Indonesian commodities and goods, including agriculture products, which penetrate the [European] market but are hampered by regulations in the EU. We expect the CEPA will not only lower tariffs, but also reduce such non-tariff barriers,” Chris said over the phone.

Minister Rachmat earlier said Indonesia had received approval from Japan to review the two countries’ economic partnership agreement.

Indonesia demands a review as it claims it benefits less than expected from the deal, but no follow-up has yet materialized.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                           February  5, , 2015 Subsribe Now !
• Tourism operators shrug off festival losses Subcribe: Asean Affairs Global Magazine
• Pertamina to import more fuel in 2015
• StanChart considers sale of Philippines retail unit
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• RI to revive talks on partnership deals with EU
• Crude oil, coal output increase despite challenging conditions
Asean Analysis                    January 29, 2015

• Asean Analysis January 29, 2015
Deepen financial system to support infrastructure development
Advertise Your Brand

Asean Stock Watch   February 4,  2015
• Asean Stock Watch-February 4 , 2015
The Biweekly Update
• The Biweekly Update  January 23, 2015

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand