Indonesia-European Union Trade Meeting Focuses on Technical Issues

palm oil magazine
Indonesia-European Union Trade Meeting Focuses on Technical Issues. Photo by : Ministry of Trade

PALMOILMAGAZINE, BRUSSELS – Indonesia and the European Union have reaffirmed their commitment to resolving discussions related to the Indonesian-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA).

This confirmation came during a bilateral meeting between Bris Witjaksono, the General Director of International Trade at the Ministry of Trade, and Sabine Weyand, the General Director of Trade at the European Commission, held on Thursday, December 7, 2023, in Brussels, Belgium.

Read More

The meeting coincided with the 16th round of IEU-CEPA discussions held from December 4 to 8, 2023. The Indonesian delegation, led by Johni Martha, Director of Bilateral Negotiation at the Ministry of Trade, and the European Union delegation, represented by Fabien Gehlj, Deputy Head of Unit for South and South East Asia, Australia, and New Zealand at the European Commission, actively participated in the discussions.

Also Read : 

Djatmiko emphasized that it needs to intensively get communication and meeting between both parties to solve every issue that is in debate. There are unsolved ones, Djatmiko is optimist that there would be profitable agreement to get.

Johni Martha said that in the meeting there were significant progresses in many issues, including the substance of agreement in Dispute Solution chapter. “we knew there were positive progresses about trade technical issue and Enterprises,” he said, as in the official statement to Palmoilmagazine.com, Friday (15/12/2023).

The meeting discussed 14 trade issues, such as, goods trade, anti-fraud clause, service trade, digital trade, investments, solution on investment dispute, goods and service procurement, sustainable trade and development, conflict solution, institutional regulation, Enterprises, subsidy, goods origin, sustainable food system, and other technical issues.

Also Read : 

Johni also mentioned both sides showed spirit and optimism to accelerate negotiation solution. They are committed to get the agreement in 2024 and it is the same with the target that President Joko Widodo and President Ursula von der Leyen announced.

European Union is the main trade partner of Indonesia with the total trade reaching US$ 33,2 billion in 2022. The exports from Indonesia to the continent reached US$ 21,5 billion while the imports of Indonesia from European Union reached US$ 11,7 billion.

The mainstay products from Indonesia are crude palm oil, industrial monocarboxylate fatty acid, coal, tin, foot step made of feather while the imports of Indonesia from European Union are pipe from iron, medicine, vaccine, pulp paper machine, paper or recycled carton. The agreement in IEU-CEPA should reinforce the economic cooperation and make new chances for both parties. (T2)

Follow the Whatsapp channel "Palm Oil Magazine News Update", click the link PalmoilMagazine News Update | or you can follow Telegram "PalmOilMagazine", click the link PalmOilMagazine

FOLLOW MORE NEWS AT GOOGLE NEWS.

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *