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APSyFI: The national textile industry is headed for a trade deficit, 2018 exports grow 1% and imports grow 14% (yoy).--IKATSI: The growth of the national textile industry is still hampered by floods of imports, Indonesia needs a clothing security law.


	
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Ministry of Commerce Still Prepares IE-CEPA Ratification PDF Print E-mail
Monday, 27 May 2019

The Ministry of Trade (Ministry of Trade) is still preparing to ratify a comprehensive economic cooperation agreement between Indonesia and the European free trade agreement (EFTA / IE CEPA). At present the process has reached the final stage in the government. Next will be submitted to DPR (Parliament) for discussion and approval of ratification.

 

"IE CEPA is still a process, we are preparing before the government delivers it to  DPR," said Director of Bilateral Negotiations, Directorate General of International Trade Negotiations, Ministry of Trade, Ni Made Ayu Marthini.

 

Previously, Switzerland, Norway, Liechtenstein and Iceland were also pushing for settlement of ratification. One of them is the Swiss Federal Council has issued official documents related and submitted to the Swiss parliament.

 

This is to boost completion of the ratification of agreement signed last December 16, 2018. The Minister of Trade (Minister of Trade) Enggartiasto Lukita welcomed the good step. "This is good news from Switzerland and shows the seriousness completion of CEPA IE ratification process," explained Enggar.

 

Enggar says this agreement will increase market access. In addition, IE CEPA will also provide legal certainty in the field of trade in goods and services for Indonesia and EFTA.

 

Cooperation with EFTA can also be a gateway for trade to Europe. The enactment of  first agreement with European countries is believed to be able to improve trade with Europe, especially regarding oil palm.

 

"The EFTA country became the first European country group to have a free trade agreement with Indonesia," Enggar explained.

 

Just for your information IE CEPA includes various provisions regarding investment, protection of intellectual property, elimination of non-tariff barriers, including provisions on sanitation and phytosanitary, competition, facilitation of trade, trade and sustainable development, and economic cooperation.

 

Therefore, it is not only trade, Enggar also hopes that the investment will increase after the agreement runs. Socialization will also be encouraged to maximize utilization of the agreement.

 

Glance about agreement, Indonesia will get preferential tariffs for a number of products such as palm oil, fish, gold, footwear, coffee, toys, textiles, furniture, electrical equipment, machinery, bicycles and tires.

 

The four countries removed more than 99% of tariff tariffs on products imported from Indonesia. In addition IE CEPA also opens opportunities for service products such as telecommunications, construction, distribution, finance, education, transportation, and tourism.

 

 

 

 
		

		
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