South Korea will gradually lift or lower tariffs on more than 95 percent of its imported products from Indonesia and Israel as it has clinched trade deals with the two nations, the finance ministry said Tuesday.
Canada is preparing to formally launch bilateral trade negotiations later this year with Indonesia, but already plans to include gender, environmental and labour provisions in a deal are being described as a “challenge.”
Russia welcomes the restart of the talks between the Eurasian Economic Union (EAEU) and Indonesia on the free trade zone creation, Russian Foreign Minister Sergey Lavrov told a news conference after the talks with his Indonesian counterpart Retno Marsudi.
Today, the Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade, and Muhammad Lutfi, Indonesia’s Minister of Trade, announced that Canada and Indonesia will begin negotiations on a Comprehensive Economic Partnership Agreement (CEPA).
The Indo-Pacific region will be the new “center of gravity” for the 21st century, the European Union’s foreign policy chief Josep Borrell exclaimed, as he kicked off his visit to Jakarta this week amid lasting tensions on palm oil.
Bangladesh and Indonesia on Thursday stressed early signing of Preferential Trade Agreement (PTA) within the ambit of which potential export items from both countries would be allowed to enter duty free, reports UNB.
Indonesia and Iran highlighted the need to finalize a trade agreement between the two countries during the visit of Iranian Foreign Minister Mohammad Javad Zarif to Jakarta on Monday.
The House of Representatives has recently approved a draft trade deal with the four-member EFTA that is expected to facilitate foreign investment and liberalize trade in goods and services, particularly commodities such as palm oil and raw metals.
Indonesia is one short step away from having its first trade agreement with European countries after legislators approved a bill over a deal between Indonesia and the European Free Trade Association (EFTA).
Nations of the D-8 should sign a much-needed preferential trade agreement to remove tariff and non-tariff barriers, ministers and entrepreneurs of the trade bloc said.
If Indonesia only focuses on the formal process in palm oil international trade, it may still lose the battle of public opinion that may risk its markets and consumers worldwide.
Besides protection and dispute settlement, the BIT also includes several key changes in terms of application and restriction.
A bilateral investment treaty between Singapore and Indonesia has come into force after being ratified in a virtual meeting on March 9.
Voters in Switzerland have given the green light to a free trade deal with Indonesia with a small majority of 51.6%.
The wheat sector is excited about the prospect of Canada entering into trade agreement negotiations with Indonesia.
Switzerland votes Sunday on a free trade deal with Indonesia but the agreement, which opens up a vast potential market, could slip up over the issue of palm oil imports.
The Swiss government has allocated grant funding of $65 million over a period of four years to the island nation, in order to promote inclusive and sustainable development.
A free trade agreement with Indonesia has sparked backlash and Switzerland’s first national referendum on palm oil imports. On the eve of the vote to take place March 7, SWI swissinfo.ch fact checks claims on sustainability.
Bilateral trade between Canada and Indonesia remains small — amounting to just over US$3.7 billion in 2019.
The Eurasian Economic Union (EAEU) is considering an opportunity of establishing free trade zones with Indonesia and Mongolia.