The European Union is seeking an explanation for Indonesia’s decision to scrap a highly regarded timber legality verification system, which the bloc uses to ensure it imports only sustainably sourced wood products.
It’s been a year since the signing of the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA); the global pandemic could delay the next critical steps.
Mercosur is negotiating with South Korea, Canada and Singapore, while Indonesia and Vietnam are possible candidates. Plus, a deal with the European Free Trade Association is in its final stages.
With new regulatory changes now taking place on the basis of the EU’s Renewable Energy Directive (RED) II of 2018, Indonesia and Malaysia are trying to come to terms with the implications for their global palm oil market strategy and domestic production.
A planned EU-China investment agreement looks unlikely to be struck by September as planned because of the coronavirus outbreak, European Union trade chief Phil Hogan said.
The economic importance of IA-CEPA remains to be seen, at least from Indonesia’s side. IA-CEPA would require many changes in Indonesian regulations at the ministerial and local levels, which has been very challenging in the past.
The Swiss parliament ratified a Free Trade Agreement between the European Free Trade Association and Indonesia, allegedly without addressing the environmental concerns regarding Indonesian palm oil production.
Indonesia is currently a major perpetrator of human rights abuses against its own minority groups, specifically their LGBTQI community, which makes this partnership questionable in view of Australia’s signature on the UN Human Rights Charter.
Bilateral trade deal sceptics have criticised the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) as more of a strategic public relations document than genuine economic reform.
The sustainable impact assessment report of the free trade agreement between the European Union and Indonesia is not easy to find. Yet some of its findings are quite worrying.
The IA-CEPA has been ratified by the legislatures of both countries and is thus strongly based on a national political consensus, allowing for immediate implementation..
The Indonesian parliament has given the green light to a new trade deal with Australia, paving the way for the agreement to be signed in Canberra on Monday.
India was absent from two days of talks on a sprawling Asia-Pacific free trade agreement in Indonesia that ended Tuesday, fueling speculation that it may withdraw from the negotiations.
India and Indonesia are set to launch negotiations for a Comprehensive Economic Cooperation Agreement (CECA) to cover economic cooperation while trading in goods, services, and investments.
Away from the more headline grabbing US-China trade dispute, a less glamorous one has also been taking place between the corridors of Brussels and Jakarta.
Indonesia is likely to see a small benefit from the phase-one trade deal between the United States and China as the demand for commodities and the overall Chinese economy are expected to improve.
As disputes over palm oil and nickel head to World Trade Organization, affected residents say they feel trapped.
The Indonesian negotiating committee for the establishment of the RCEP wants the “Indian issues” to be resolved early 2020.