Jokowi presses for progress in IEU-CEPA negotiations to bolster trade

Jokowi presses for progress in IEU-CEPA negotiations to bolster trade.

Nusa Dua, Bali - President Joko Widodo (Jokowi) called for significant progress in the negotiations of the Indonesia-European Union Comprehensive Economic Partnership Agreement (IEU-CEPA) to boost trade between both parties.

"The 12th negotiation (was already held in October) was scheduled at the end of 2022. I hope that the negotiation will result in progress, including on the issues of government procurement of goods, small and medium enterprises (SMEs), and export tax," Jokowi remarked during a meeting with the President of the European Commission Ursula von der Leyen, here on Monday.

President Jokowi is looking forward to the ASEAN and European Union intensifying cooperation as Indonesia will lead the ASEAN Chairmanship in 2023.

One of the focus areas of Indonesia's chairmanship is to realize cooperation in the Indo-pacific region, according to the head of state.

Furthermore, Jokowi called on the European Commission and the G7 to convey their support and flexibility, so that the G20 Summit can result in a declaration.

"I want the G20 concrete work results, which the world is waiting for, to be realized. Once again, Your Excellency's support will be greatly appreciated," the president affirmed.

Meanwhile, von der Leyen praised Indonesia's leadership in the G20 that strives to formulate joint solutions to the global crisis. Indonesia is viewed as a trusted partner on several strategic issues, including renewable energy and food security.

At the meeting, President Jokowi was accompanied by Coordinating Minister for Economic Affairs Airlangga Hartarto; Foreign Minister Retno Marsudi; Trade Minister Zulkifli Hasan; and Minister of Energy and Mineral Resources Arifin Tasrif.

The trade value between Indonesia and the EU recorded an increase in 2021, reaching US$29.03 billion, from US$23.26 billion in 2020. Indonesia's main export commodities to the European Union countries are palm oil, fatty acid, leather footwear, textile, footwear, and natural rubber.

Hence, expediting IEU - CEPA negotiation resolutions is crucial to enhance trade transactions and provide benefits for Indonesia and all EU member states. 

Oleh : Rangga J, Kenzu/Antara

Editor : Yakop