InfoSAWIT, JENEVA –Ministerof Trade Indonesian, Enggartiasto Lukita signed the Joint Statement to the Economic Free Trade Association Indonesia-European Free Trade Association/EFTA (IE-CEPA) in the Secretariat of EFTA, Jeneva, Swiss, Friday (23/11/2018).
The Agreement was signed by 4 ministers in EFTA, such as, Swiss, Liechtenstein, Islandia, and Norwegia. It means that the negotiation among Indonesia and the members of EFTA is complete through the scheme of IE-CEPA.
The leaders (same level of the state minister) of EFTA who signed the agreement were Norway Minister of trade and Industry, Torbjørn Røe Isaksen; LeichtensteinMinister of Foreign Affairs, Law, and Culture, Aurelia Frick; Island Minister of Foreign Affairs and External Trade, Guðlaugur Þór Þórðarson; Swiss Head Department of Economics, Johann N. Schneider-Ammann; and attended by EFTA General Secretary, Henri Gétaz.
“Today the five countries are happy and thankful for the IE-CEPA gets the final. It runs for the last seven years and it is finished. This is the history to Indonesia and four countries, the members of EFTA,” Enggartiasto said in the official statement to InfoSAWIT, Friday (23/11/2018)
He also said, the next to do is “legal scrubbing” and to interpret it legally and technically. IE – CEPA is ready to be signed. It is scheduled in Jakarta in December 2018.
“Indonesia and EFTA are committed to accomplish the negotiation in this year. So the negotiators intensively accomplish what is left and finally it was succeeded on 1 November 2018 in Bali,” Enggar said.
Within IE-CEPA, the market access among Indonesia and EFTA would be wider to run including the service, investment, economic cooperation, and capacity development. In the goods trade, Indonesia would increase market access to EFTA, such as, the fishery, industries (textile, furniture, bicycle, electronic, car tire), agriculture (coffee, and palm oil).
In the service trade, the market access would be from Indonesia, such as, Intra Corporate Trainee, Trainee, Contract Service Supplier, Independent Professional, andYoung Professional to EFTA would be easier. For example, the service sector that would get profits are, profession, telecommunication, finance, transportation, and education services. Indonesia would have increasing investment from the members of EFTA in energy, mining, machine, agriculture, infrastructure, fishery, forestry, chemical industries, and others.
According to Central Bureau of Statistic, EFTA is the non-oil and gas export goal the 23rd and the non - oil and gas importer the 25th for Indonesia. In 2017 the trade between Indonesia-EFTA reached US$ 2,4billion. while the exports from Indonesia to EFTA reached US$ 1,31 billion and the import of Indonesia from EFTA reached US$ 1,09 billion.
It means that Indonesia still had trade surplus reaching US$ 212 million. The main exports from Indonesia to EFTA were jewelry, optic tools, gold, phone equipment, and essential oil. The main imports of Indonesia from EFTA were gold, turbo jet machine, drugs, fertilizers, the mixtures of industrial materials. In the investment, the members of EFTA invested US$ 621 million in Indonesia in 2017.(T2)