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Indonesia


Indonesia should withdraw from the ICSID!
If there is dispute against the government, investors, be they foreign or local, they should bring their cases to the Indonesian judiciary or other available national dispute mechanisms.
Indonesia terminates its BIT with the Netherlands from 1 July 2015 and may terminate all of its BITs
While certain countries have terminated individual BITs, termination of all BITs would be unprecedented.
After South Africa, Indonesia takes a brave decision to terminate its BIT with the Netherlands
Last week, the Indonesian government announced that it will terminate its Bilateral Investment Treaty (BIT) with the Netherlands, joining the growing number of countries concerned about the excessive corporate rights enshrined in investment agreements.
Investor treaties in trouble
Several countries are reviewing these agreements, prompted by the number of cases brought by foreign companies who claim that changes in government policies affect their future profits.
Boediono meets with Netherlands
Indonesian VP Boediono met with Dutch PM Mark Rutte on Sunday and explained that Indonesia’s decision not to extend its bilateral investment treaty with the Netherlands was common to all countries with bilateral investment agreements with Indonesia that would soon end.
Indonesia indicates intention to terminate all of its bilateral investment treaties?
According to the Netherlands Embassy in Jakarta, Indonesia has informed the Netherlands that it has decided to terminate the Bilateral Investment Treaty between the two nations from 1 July 2015. The Embassy also states that “the Indonesian Government has mentioned it intends to terminate all of its 67 bilateral investment treaties“.
Peru to launch free trade agreement talks with Indonesia this year
Peruvian Trade and Tourism Minister Magali Silva has announced that, in the second half of this year, Peru and Indonesia will begin negotiations to reach an agreement that favors preferential trade between both countries.
East Kutai may file criminal charges against Churchill
The local administration in East Kutai regency, East Kalimantan, has threatened to file criminal charges against British company Churchill Mining Plc for allegedly forging its mining permits to operate mine areas in the regency.
In for messy litigation
Several local newspapers misread the recent decision by the Washington-based International Center for Settlement of Investment Disputes (ICSID) as a verdict forcing the Indonesian government to pay over US$1 billion in compensation to the plaintiff, London-listed Churchill Mining Plc, in regard to its coal mining concessions in East Kalimantan.
Churchill Mining announces tribunal rejection of Indonesia challenge
The thermal coal producer said the International Centre for Settlement of Investment Disputes rejected Indonesia’s jurisdictional challenges and it can now pursue claims for damages under the respective Bilateral Investment Treaties Indonesia entered into with the United Kingdom and Australia.
Spying by NSA ally entangled US law firm
The Obama administration often emphasizes the NSA’s role in fighting terrorism and cyberattacks, but disclosures in recent months from the documents leaked by Mr. Snowden show the agency routinely spies on trade negotiations.
RI halts cooperation with OZ, mulls more
Jakarta has upped the ante in the spying row with Canberra by officially suspending cooperation on preventive measures against boat people and mulling the suspension of free trade negotiations with its southern neighbor.
Indonesia could stall trade negotiations
There are fears Indonesia could stall the trade negotiations with Australia because of the diplomatic run-in between Jakarta and Canberra.
Indonesia to prioritize palm oil in talks with EU
The Indonesian government has made it clear that the inclusion of palm-oil products is at the top of its priorities in the talks on a comprehensive economic partnership agreement with the European Union, suggesting that a deal may not be possible without some compromise.
Peru’s FTA with Thailand to increase exports of grapes and fish
The recent free trade agreement with Thailand is expected to allow Peruvian producers to increase their exports of grapes, canned food, flour and fish, Peru’s Foreign Trade and Tourism Minister announced Monday.
PM calls for economic accord with Indonesia, wider trade
Indian Prime Minister Manmohan Singh Thursday called for a comprehensive Economic Cooperation Agreement (CECA) with Indonesia, saying that such an accord would open up the potential on both sides and provide impetus to growth.
RI, Japan agree to renegotiate economic partnership deals
Indonesia and Japan have agreed to renegotiate their economic partnership agreements amid growing concern that the deals had failed to benefit both parties equally.
Protest against APEC by Gerak Lawan in Indonesia
The Indonesian civil society movement coalition, Gerak Lawan, held a protest on 7 October 2013 in front of the Ministry of Finance as a symbol of the struggle against the liberalization agenda in Indonesia.
Peru starts talks on FTA with Russia, Turkey, Israel
Peru’s Minister of Foreign Trade and Tourism, Magali Silva, said that Peru has started the first talks toward an eventual free trade agreement between Russia, Kazakhstan, Belarus, India, Indonesia, Turkey and Israel.
Trade: Pakistan, Indonesia PTA comes into effect
Indonesia and Pakistan have agreed to formally activate the Preferential Trade Agreement with effect from September 1 (Sunday), ensuring greater market access to their products.