Indonesia, EU sign comprehensive economic partnership agreement
Indonesia and the European Union have finalised negotiations on a major trade agreement, after at least 19 rounds of talks spanning nearly 10 years. This is the third comprehensive economic partnership agreement Brussels has signed with a Southeast Asian nation, after Singapore and Vietnam. The landmark deal will remove import duties on 98.5% of EU exports to Indonesia. The EU is Indonesia's fifth-largest trading partner, with bilateral trade hitting US$30.1 billion in 2024. With the new agreement, trade between the two is expected to double in the next five years. Chandni Vatvani reports from Bali.
Indonesia and the European Union have finalised negotiations on a major trade agreement, after at least 19 rounds of talks spanning nearly 10 years. This is the third comprehensive economic partnership agreement Brussels has signed with a Southeast Asian nation, after Singapore and Vietnam. The landmark deal will remove import duties on 98.5% of EU exports to Indonesia. The EU is Indonesia's fifth-largest trading partner, with bilateral trade hitting US$30.1 billion in 2024. With the new agreement, trade between the two is expected to double in the next five years. Chandni Vatvani reports from Bali.
Popular Shows
