A Big Deal: EU-Indonesia FTA Negotiations Concluded to Expand Trade and Investment
After almost a decade of negotiation, Indonesia will be a third Asian country other than Singapore and Vietnam to have a Comprehensive Economic Partnership Agreement (CEPA) with the EU. The CEPA covers 21 areas of cooperation, including tariff elimination, trade in goods and services, investment, and sustainability. For Indonesia, the prize is not just exporting more Indonesian goods to the EU but also attracting investment from firms that want to take advantage of Indonesia’s vast 215mn working age population to export to the EU market. After a decade of focusing on moving up the value chain ...