Indonesia
Indonesia hopes to conclude negotiations for a trade agreement with the European Union next year to bolster the country’s economic recovery after the pandemic, but policies on palm oil remain a major sticking point.
Indonesia will conduct a worker-exchange program with Australia to boost its human resources. The plan was announced by a senior government official just days after the Indonesia-Australia Comprehensive Economic Partnership Agreement (IA-CEPA) entered into force.
The Government of Indonesia will soon resume trade negotiation with Pakistan on free trade agreement (FTA), which were suspended due to COVID-19.
Indonesia is eagerly anticipating the signing of the Regional Comprehensive Economic Partnership (RCEP) in November, believing the China-led trade pact could pave the way for more economic activity and a stronger recovery from the Covid-19 pandemic.
Australia’s new free-trade agreement with Indonesia, the world’s fourth largest country, officially began on Sunday.
Activists in Switzerland are calling for a ‘Stop Palm Oil’ referendum opposing the Swiss free trade agreement (FTA) with Indonesia. They submitted thousands of signed petitions to the Federal Chancellery in Bern on Monday.
Indonesia and 14 other negotiating countries agreed Tuesday to sign the Regional Comprehensive Economic Partnership (RCEP) this year to help their economies recover from the pandemic-induced downturn.
The 15 governments must consider the adverse impact of the mega FTA and put an end to trade agreements such as RCEP as they only increase protection and power of multinational corporations.
Amid the pandemic Covid-19 outbreak with the protocol health of all States, the trade negotiations for the Regional Comprehensive Economic Partnership (RCEP) is still ongoing. The Government should use the momentum of the pandemic to assess thorough draft related agreements RCEP.
On 5 February 2020, Australia and Indonesia signed an exchange of letters agreeing to the termination of the Aus-Indo BIT and its sunset clause.
The part relating to Indonesia under the Free Trade Agreement (FTA) and the Investment Agreement (IA) between China’s Hong Kong and the Association of Southeast Asian Nations (ASEAN) will enter into force on July 4.
The signing of preferential trade agreements with Nepal, Bhutan and Indonesia has been delayed for months as the economy is battling the global COVID-19 fallout, officials have said.
In the middle of a global pandemic Covid-19, Indonesia intensifies the stalled negotiations of the 30th round Negotiations of Regional Comprehensive Economic Partnership (RCEP) held by the virtual, this May.
In spite of the COVID-19 pandemic, the European Commission has revealed that hopes remain high in maintaining their diplomatic and economic ties with Indonesia, geared to fulfill the Commission’s Green Deal.
Australia’s free trade agreement with Indonesia as its biggest neighbour will finally kick into gear on July 5.
It is critical that the EU, which is currently negotiating a free trade agreement with Indonesia, uses these negotiations to ask how Indonesia will protect forests, mitigate climate change and respect community tenure rights.
Besides to the European Union, a schedule of negotiations of trade for the year is also the plan will be reviewed.
Selain Uni Eropa, sejumlah jadwal perundingan dagang untuk tahun ini juga rencananya akan ditinjau ulang.
South Korea and Indonesia agreed to quickly implement it in a way that helps minimize the economic fallout from the new coronavirus pandemic.
The European Union is Malaysia’s third-largest trading partner and is its largest source of foreign direct investment, and Malaysia is a major exporter of raw materials to the European Union. But politics over palm oil threaten their relationship.
